The pre-issue TTM EV/Sales works
out to 1.5 (at the upper end of the issue price band), which is low compared to
Titan Company (trading at 7.7x). However, Titan company has a better financial
track record compared to KJIL. Going forward, we believe that KJIL would
perform better on the back of a strong brand and number of stores in India &
internationally. Thus, we recommend a subscribe rating on the issue.
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✔ Get Equity, Commodity, Currently and Derivative Trading under one account.
✔ You can also invest in Mutual Fund, Bonds, ETF and IPO under one account.
✔Manage your all investment at touch of your Finger with our Angel Broking App.
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