Monte Carlo may give 15-20% gain on day 1:Mehta Equities

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Monte Carlo Fashions is the leading apparel brand in India; especially famous for exclusive woolen brand 'Monte Carlo'. Company cater to the premium and mid-premium branded apparel segment for men, women and kids, offering a comprehensive line of woolen, cotton and cotton-blended knitted and woven apparel and home furnishings through 'Monte Carlo Exclusive Brand Outlets' and multi brand outlets, including a network of national chain stores under the 'Monte Carlo' brand.

"Considering strong growth in the textile brand segment Monte Carlo is well placed and connected with customers belonging to both the mass and premium categories. The challenge now is to go pan-India and expand presence across different geographies. Monte Carlo has drawn up an aggressive store roll out plan for the same which will see the company's store count grow to 275 from 192 at present. The company also continues to invest in brands in various formats. Hence we expect revenues to grow on the back of a strong brand portfolio and a well established and growing distribution channel. We recommend investor to SUBSCRIBE on the issue for listing gains of 15-20%", says Mehta Equities research report.

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http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=1241829&num=0