Safari Industries Rs 2550
One of the most secular trends in an economy like India is consumerism. While there may be ebbs and flows in this cycle but the long-term trend is undeniably up. Data shows that after the per capita income of a country crosses $2500 pa (which India has crossed recently), there is a boom in discretionary consumption. No wonder consumer stocks have been amongst the biggest wealth generators in the stock market. It is in this context that Safari Industries, a luggage maker is discussed hereunder.
At the outset, it would be useful to go through the main features of the luggage industry: –
