Cosco recorded a huge increase in share prices for the fiscal year 2016 to 2017, and the company is on an upward
trajectory due to several factors that work in its favour.
In the
uncertain market of today, here’s good news to cheer you up. Cosco, a domestic sports brand that an entire
generation grew up with is still winning steady and creating new benchmarks.
The last fiscal year turned out in favour of Cosco India Ltd (CIL). The company
had a stellar run and recorded a whopping 186 percent increase in share prices. This is a tremendous
achievement for the company when compared to the modest 16.7% return recorded
by SENSEX during that particular period.
If you’re
an investor looking to make profitable tidings, it’s time to add a few Cosco
shares to your portfolio as the future seems bright for CIL. The individual stock is currently valued at 307 INR on the BSE. The predicted valuation
is 17.9x for the Fiscal Year 19. This
makes it an ideal choice for investors who are looking for high-growth
consumption products of India.
The
increase in share prices of Cosco may be attributed to several factors. From a
nation-wide increase in awareness of personal fitness levels to apt pricing
strategies, there are several things that work in favour of Cosco. One of the
biggest factors that impact the growth of CIL is that it belongs to the “TINA”
category. There Is No Alternative brand and is currently the only one player
that caters to the high-growth sports segment in India.
Another significant factor is the pan-India presence of
its products. With a strong distribution
network, this Delhi-based sports good manufacturer,
distributes products and equipment all
over the country, making it a household name. While GST is bound to impact small unorganised players negatively,
it’s sure to help Cosco gain more market
share.
The Brand
Value of CIL works to its advantage. From basketballs to tennis rackets, Cosco
for decades has remained as a well-known sporting goods brand in the country.
With a huge number of prestigious affiliations with both national and zonal
level tournaments, Cosco has carved a niche for itself in the sporting
fraternity. This is what makes the brand
gain an edge over its competitors.
Affordable
pricing makes Cosco appeal to a broad
segment of the industry. While people no longer want to compromise quality just
to save a few bucks, the average Indian is still wary of luxury products. This makes Cosco an ideal choice for a vast
majority. CIL combines quality with apt-pricing to make it the preferred option. Apart from sporting goods, the company
has recently launched fitness equipment and accessories, thereby reaching to a wider
customer base.
All these
factors work to the advantage of CIL and have
helped it record a massive increase in stock prices,
bringing cheer to shareholders and investors.
About Cosco India Ltd
Established in 1980,
the Delhi-based public limited company is
one of the leading manufacturers and distributors of sports goods, fitness equipment and accessories in the country.