Stock Review: PAGE INDUSTRIES

A dominant player in the domestic innerwear market, it is the only licensee of the Jockey brand in India. The increasing preference of Indian consumers for branded and quality innerwear should lead to robust growth (15-20 per cent) of the market. The company's focus on the medium and premium segments of innerwear is expected to result in annual revenue and earnings growth of 38-40 per cent over 2010-13. Page's strong brand and wide distribution network, along with a sound balance sheet and quick cash conversion cycle, make it a preferred stock of most brokerages.