Considering the increasing importance of one of the accessories of consumers namely watches which are no longer treated as functional objects but more of the nature of a jewel, we are recommending Timex Group India Ltd as GEPL’s Pick of the Week at the price of Rs 42 targeting Rs 65 over the next 12 months. After giving away its distribution tie up with Titan, Timex has been constantly investing into new technologies and product lines well supported by its stores called Time Factory. Today, Timex is the only global brand with strong supply chain and manufacturing facility in India and is working on short listing the international brands that can be introduced in India. Taking it further, over the next couple of years the company plans to double its outlets from the current 70 stores which should help enhance its brand visibility and increase their market share from the current 21%. Thus, with Timex providing differentiated products at good value of money, we are positive on the company and thereby recommend a BUY for a target of Rs 65.
Published by geplcapital
Offering a range of financial services across investment spectrum, GEPL is a boutique financial services and investment advisory firm. It covers products such as equities, mutual funds, bonds, currencies, derivatives, commodities, wealth management, insurance, real estate, loan against securities and Demat services. GEPL provides single point access to all platforms through its mobile app & web platform, sound fundamental and technical reports, anytime / anywhere trade access & easy support over phone. Established in 1997, GEPL is headquartered in Mumbai, spread across 9 states and services through 150 access points including 25 own branches. With clientele ranging from individual investors to enterprises to institutions, GEPL intuitively understands different financial requirements and offers customized investment solutions. GEPL is firmly rooted by its 3 Mantras: Servicing, Integrity and Teamwork - all of which work to the benefit of clients. Apart from these 3 pillars, GEPL has combined it’s traditional advisory with modern technology and cutting edge research to meet and surpass it’s clients expectation. View all posts by geplcapital