Discovery Series: Palred Technologies – A very interesting hyper-growth company

PRO Only Highlights
–  Quarterly performance largely backed by improved realisations
–  Medium-term triggers China plus and protectionist measures for tyre industry
–  Valuations not inexpensive; but improved medium-term outlook

In our discovery series, we are zeroing in on stocks that have hitherto not been covered but whose results and outlook appear promising. An eye-catching financial performance in the previous few quarters has prompted us to look at Palred Technologies, which owns the rapidly growing digital lifestyle and audio accessories brand pTron. The business is benefitting from the fundamental shift in consumer behaviour due to the rapid adoption of technology. The growth potential looks attractive given the traction its products…