JK Lakshmi Cement are the 8 stocks that can be perfect bet on reopen trade, says
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Trent and Aditya Birla Fashion stocks are going higher, Trent is one of the most expensive stocks with a PE multiple higher than even Asian Paints. Their business is going to suffer because of lockdown and yet the stock is marching to a new high?
If you look at all the retail companies you have mentioned, Aditya Birla Fashions. Recently they acquired Sabyasachi which is a luxury retail designer brand and that does not fit with Aditya Birla’s overall business strategy because Sabyasachi is a very high-end boutique with a niche clientele. They have also looked at a couple of similar acquisitions. After the lockdown, real luxury items have actually done well. It is only the middle and the lower mid kind of products which have suffered where people are downtrading.