Defence stocks are globally in demand. The situation in India is no
different. Experts are unanimous in their opinion that we should buy
these stocks without further delay given their huge scale of opportunity
and reasonable valuations
High Conviction Stocks Idea Attributes • Company: a) Sound / resilient
business; b) Consistent strong financials; c) High growth potential; and
d) High return on invested capital • Industry: a) Market leaders /
Strong brand value; b) High growth opportunities; c) Strong entry
barriers • Management: a) Visionary Leadership; b) Strong &
Effective Management; and c) High corporate access, including promoters
and CXOs
Strong cost control and management focus on aggressive store additions
along with thrust on digital & tech initiatives were key positives
providing strong growth outlook. The resultant robust performance in Q1
FY23 led by strong Revenue growth, recovery in LFL growth and positive
expectations from the new brands portfolio makes JFL a hot pick.