SG Market| Scalable Growth Prospects with Huge Addressable Market | The right time to buy?

SG Mart operates in a massive, traditional, fragmented and unorganized total addressable market. The company has three sources of income linked to the steel sector. The first is pure metals trading – where it already does 50,000-60,000 tonnes of monthly volumes, which is double the largest distributor in the country. Second, it has set up service centers to supply processed steel to automotive and consumer durable goods suppliers. The third is the retail distribution business of non-steel pipe products for which SG Mart will use the APL Apollo brand free of charge. Description: SG Mart, an APL Apollo Group company, is an emerging technology-based B2B (business-to-business) marketplace for construction materials with a huge addressable market. The company is in the midst of a hypergrowth phase, as the online B2B market share of the domestic building materials market is pegged at just 1-2%, which is very minimal, compared to states -United States and China, where it is around 15 to 20%. percent. For more details on the stock and investment rationale, visit our Moneycontrol Research page #stockmarket #stockoftheday #bse #nse #stockstobuynow #stocksinfocus #stockmarketnews