The brokerage believes the organised jeweller is still in the early stages of benefiting from India's formalisation trend, leading it to initiate coverage with a 'Buy' rating and a target price of Rs 830, implying an upside of about 39% from current levels.
The brokerage believes the organised jeweller is still in the early stages of benefiting from India's formalisation trend, leading it to initiate coverage with a 'Buy' rating and a target price of Rs 830, implying an upside of about 39% from current levels.
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