Broker call▲ Bullish for Allied Blenders and Distillers

Nomura starts Allied Blenders coverage with Buy, sees up to 20% upside

2 sources · first seen 08:59 29 Sept · updated 11:29 29 Sept

The brief

Written from 2 reports · check the source before you trade

Nomura set a target price of ₹850, implying nearly 20% upside
Financial Express reports 18% upside from the company's premiumisation push
A positive brokerage view may support Allied Blenders shares and investor interest in Indian spirits companies

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2 reports · earliest 08:59