Positive impactCompany
Nomura initiates coverage on Allied Blenders with Buy rating, sees up to 20% upside
Economic Times 1 hr ago·29 Sept 2026, 5:59 am
Nomura has initiated coverage on Allied Blenders & Distillers with a 'Buy' rating, setting a target price of Rs 850. This implies a potential upside of nearly 20% for the stock, based on the brokerage's view of the company's future growth.
The brokerage identifies premiumisation, backward integration, and margin expansion as key drivers for the company's earnings. They forecast that earnings per share (EPS) could grow at a 26% compound annual growth rate over the next few years.
Investors should monitor the company's execution of its strategy and the pace of premiumisation. Delays in these areas could pose a risk to the stock's performance.
Key takeaways
- Category: Company.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
