BUY : MONTECARLO-EQ( MONTECARLO ) [5938]

Manufacturer of designer woollen/ cotton readymade apparels, sold under “MonteCarlo” brand As of Q3FY24, company has a strong Pan India distribution with 390+ EBO’s, 1,900+ MBO’s and 1,300+ NCS and SIS.The company has a strong presence in UP, Bihar, Delhi, Harayana, Rajasthan and Punjab. The company launched 22 COCO and 26 FOFO stores. Stock corrected 30% and is finding support at 650 levels. Buy MonteCarlo at 675 levels with target of 730 and SL of 650