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Monarch Networth sees Aditya Vision stores rising from ~210 to 318 by FY29E, sets Rs 720 target

Monarch Networth Capital picked five smallcap stocks with up to 51 per cent upside. It expects Aditya Vision's store count to rise from around 210 in Q1FY27 to 318 by FY29E. It also expects TajGVK's 256-key North Bengaluru hotel in H2FY27.

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  2. TajGVK Hotels initiated at Buy with ₹475 target; Bengaluru opening, Santacruz seen driving ~26% revenue CAGR, , The Hindu BusinessLine

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Store and format facts

Figures from Business Today,

Aditya Vision upside potential: 20%

What it means for the format

Monarch's Rs 720 target (20% upside) depends on the 108-store rollout actually happening, so the thing to watch is whether new stores hold same-store sales and keep working capital in check, since this is a broker estimate and not company guidance.

Next on the rollout

  • Quarterly store-count disclosure against the roughly 210 base in Q1FY27
  • Revenue and margin trends at newer stores in upcoming results
  • Management commentary on the FY29E target of 318 stores
  • Share price move toward or away from the Rs 720 target
  • Changes in other brokers' ratings and targets on Aditya Vision

The source

Source Read the source at Business Today

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