Looks like some promoter close relatives buying since last 7 months - We can see name of Ayush Ramesh Tainwala buying 2.25% stake in the company under public category. Interestingly all time high monthly volume in month of January 2023.
Discl: holding small position for tracking the stock.
Another interesting facts -
As per last AR for FY 22, they were holding 50,000 NSE shares.
For FY ending December 2022, Samsonite had 2nd highest sales in INDIA, only behind USA totaling about 1750 Cr.
Disc - Invested
Regards
Interesting update on the stock - yesterday the company has shown intent to divest stake in the Samsonite southeast asia stake which the company holds . Approx valuation of that 10% stake seems to be working out 1400 crores - ( Sales of 2100 crores For dec 23 and PAT of 14% with 50 times multiple basis relative valuations.) .
Safari trades at 10k cr mcap for 1550 crs sales and 16% ebidta margins. Samsonite is far bigger than safari.
Also worth noting that NSEs stake is valued at 30 crs today and other mf’s valued around 50 crs
.
Samsonite stake should be valued atleast 1000-1200 crores
