India is buzzing place currently
when it comes to Smartphone. Most of the analysts are very optimistic about
Indian Smartphone market size in coming quarters. Post lull period in the
begining of 2016, Smartphone sales are picking up and thanks to adoption of 4G
LTE devices.
Launch of Reliance Jio also
triggered replacement market which will push the Smartphone sales moving
forward.
Many of the Indian Home grown
Smartphone players are not listed in Dalal Street except Optiemus Infracom
which own Zen Mobile. Zen Mobile brand is very strong player in the rural
market. They are profitable with very strong manufacturing facilities.
Recently, Zen Mobile realigned
their management and brought in best in class professional within the system.
At the same time, they reduced their cost heavily.
In case any investor wants to
ride on Smartphone Growth Story then they should buy the stock post 10 to 15%
from current level and should be invested for next 2 years to reap in the good
return.
I am expecting that Zen Mobile is
going to increase their market share with disruptive marketing strategy which
in turn will help stock to move upwards. I am expecting share to cross INR
110 by March 2017.
Please consult your financial
advisor before investing
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