ICICI Securities, Citi, and Jefferies have maintained their bullish stance on Allied Blenders, Divi’s Laboratories, and Zomato, respectively, projecting vital upside based mostly on robust enterprise methods and market dynamics.
These suggestions underline themes comparable to premiumisation within the liquor trade, structural progress in pharma, and innovation within the food-tech area.
We’ve got collated a listing of suggestions from prime brokerage companies from ETNow and different sources:
ICICI Securities on Allied Blenders: Purchase | Goal Rs 400 | LTP Rs 322 | Upside 24%
ICICI Securities has initiated a Purchase ranking on Allied Blenders with a goal worth of Rs 400, implying a 24% upside from the present market worth of Rs 322.The corporate is concentrated on elevating the bar by shifting its emphasis towards the premium and status classes, aiming to seize higher-value segments.Portfolio enhancements are anticipated to drive double-digit quantity progress within the premium and above (P&A) segments, supported by worthwhile progress within the mass-premium class.Moreover, Allied Blenders’ strategic backward integration into manufacturing its personal Additional Impartial Alcohol (ENA), together with premiumisation efforts and working leverage, is prone to contribute to working margin growth.
ICICI Securities tasks the corporate to ship a compound annual progress charge (CAGR) of 10% in income and 30% in EBITDA over FY24-27, highlighting strong progress prospects.
Citi on Divi’s Laboratories: Purchase | Goal Rs 6,850 | Upside 15%
Citi has maintained a Purchase ranking on Divi’s Laboratories with a goal worth of Rs 6,850, indicating a possible upside of 15% from the present market worth of Rs 5,953.
The corporate is well-positioned each tactically and structurally, making it Citi’s prime choose within the Indian pharma sector.
Opposite to market expectations of a decline, Divi’s API gross sales for Entresto may see progress, supported by the corporate’s increasing pipeline of distinction media enterprise.
This progress in Entresto API and distinction media is prone to drive consensus upgrades, reinforcing the corporate’s robust outlook and funding enchantment.
#BrokerageRadar | Citi on Divis Lab: Keep Purchase with goal worth of Rs 6850@Citi pic.twitter.com/ZX6KlgJgu3
— ET NOW (@ETNOWlive) November 29, 2024
Jefferies on Zomato: Purchase | Goal Rs 335 | LTP Rs 286 | Upside 17%
Jefferies has maintained a Purchase ranking on Zomato with a goal worth of Rs 335, providing a 17% upside from the present market worth of Rs 286.
The corporate has launched the ‘District’ app, envisioned as a one-stop vacation spot for varied going-out actions, which administration believes can be a key theme for the following decade.
Initially specializing in dining-out and ticketing, the app is predicted to broaden into new use instances over time.
Whereas the present whole addressable market (TAM) could appear restricted, the trade continues to be in its infancy—just like how meals supply and fast commerce developed in recent times.
Jefferies highlights the market’s provide constraints, creating vital alternatives, as evidenced by the overwhelming demand from followers attempting to safe passes for Coldplay and Diljit Dosanjh occasions in India.
(With inputs from ETNow)
(Disclaimer: Suggestions, ideas, views, and opinions given by specialists are their very own. These don’t symbolize the views of the Financial Instances)
