HDFC Securities initiates coverage on Sai Silks with ’buy’ rating, sees over 35% upside – key reasons
1 year, 1 month ago

HDFC Securities initiates coverage on Sai Silks with ’buy’ rating, sees over 35% upside – key reasons

Live Mint  

Domestic brokerage firm HDFC Securities, in its latest report, initiated coverage on Sai Silks with a 'buy' recommendation, setting a target price of ₹385 apiece. Launched in FY05, Sai Silks Ltd is one of the largest apparel retailers in south India, offering products across ethnic wear and value fashion. The company enjoys the highest revenue per square foot and is one of the most cost-effective retailing models within the apparel retail sector, the brokerage noted. A substantial portion of Sai Silks Limited's IPO proceeds, amounting to ₹5.66 billion, is allocated for expanding its presence in Tamil Nadu through Vara Mahalakshmi Silks.

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Sai Silks (Kalamandir) Q1 Results Live : profit falls by 87.6% YOY
4 months, 1 week ago

Sai Silks (Kalamandir) Q1 Results Live : profit falls by 87.6% YOY

Live Mint  

Sai Silks Q1 Results Live : Sai Silks declared their Q1 results on 14 Aug, 2024, revealing a significant decline in both revenue and profit. This significant reduction in operating income indicates challenges in maintaining profitability amidst changing market conditions. As of now, Sai Silks holds a market capitalization of ₹2308.29 crore, with a 52-week high of ₹312 and a …

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