Economic TimesLean R·
Nomura initiates coverage on Allied Blenders with Buy rating, sees up to 20% upside
Allied Blenders & Distillers is looking to move beyond its traditional image as an Officer’s Choice-led liquor company. Its strategy is no longer just about selling more bottles but also about steering consumers towards higher-priced brands while gaining greater control over its production.Nomura sees this strategic shift as a key growth driver for Allied Blenders & Distillers, initiating coverage on the stock with a Buy rating and a target price of Rs 850. The target implies an upside …
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