Safari Industries India Ltd shares have gained more than 150% in the last one year.

This Luggage Maker Multibagger Stock Surges Over 800% In 3 Years - News18

Prabhudas Lilladher is bullish on Safari Industries (India) has recommended buy rating on the stock with a target price of Rs 3728 in its research report dated August 10, 2023.

Buy Safari Industries (India); target of Rs 3728: Prabhudas Lilladher

Safari has ventured into premium range under
the brand name Urban Jungle, which has received strong initial response.

Safari Industries Q1 Review - Result Beat; Market Share Gains Continues: IDBI Capital

The company reported a net profit of Rs 25.59 crore in the year-ago period.

Safari Industries Q1 result: Net profit jumps 88% to Rs 50 crore, revenue rises 46%

Net Sales are expected to increase by 16.5 percent Y-o-Y (up 12.8 percent Q-o-Q) to Rs. 341.6 crore, according to Prabhudas Lilladher.

Safari industries Q1 PAT seen up 40.6% YoY to Rs. 37.4 cr: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Safari Industries (India) has recommended buy rating on the stock with a target price of Rs 2790 in its research report dated May 17, 2023.

Buy Safari Industries (India); target of Rs 2790: Prabhudas Lilladher

IDBI Capital Equity Research continues to have a positive view on the stock of Safari Industries and maintains its BUY rating

Broker’s Call: Safari Industries (Buy)

Macro pressures, consumer-preference shift fuelling branded-segment growth.

VIP, Safari Industries - Sanguine Demand Outlook: Anand Rathi Initiates Coverage

Net Sales are expected to increase by 54.3 percent Y-o-Y (down 1.8 percent Q-o-Q) to Rs. 297.7 crore, according to Prabhudas Lilladher.

Safari Industries Q4 PAT seen up 155.7% YoY to Rs. 29.9 cr: Prabhudas Lilladher

Investcorp Private Equity Fund II, a buyout fund managed by IDFC Alternatives PE and Bahrain-based Investcorp Strategic Capital Group, sold 450,000 Safari Industries’ shares on BSE at ₹1,861.44 apiece. HDFC Mutual Fund bought a major chunk of the shares. Names of other buyers were not publicly avail…

Investcorp sells 1.89% stake in Safari Industries

Prabhudas Lilladher is bullish on Safari Industries (India) has recommended buy rating on the stock with a target price of Rs 2553 in its research report dated February 08, 2023.

Buy Safari Industries (India); target of Rs 2553: Prabhudas Lilladher

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is engaged in manufacturing and trading of luggage travel goods. The Company's product range includes polycarbonate (PC) zippered luggage. It also offers products under various categories, such as laptop bags and backpacks. 