Nomura starts Allied Blenders coverage with Buy and Rs 850 target
In short
Nomura started coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850. The note says this points to nearly 20% upside and expects EPS to grow 26% a year from FY26 to FY29.
This matters because it is a bullish call on the company’s future earnings and margins. The report also says delays in execution or slower premiumisation could hurt the case.
What the reporting says
Nomura initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside, according to an Economic Times summary. The brokerage cited premiumisation, backward integration and margin expansion as growth drivers, and it expects EPS to grow at a 26% CAGR over FY26–FY29. Risks mentioned include execution delays and slower premiumisation.
Why it matters
Nomura’s new coverage call on Allied Blenders & Distillers is positive for the stock because it pairs a Buy rating with a Rs 850 target price and nearly 20% implied upside. The brokerage pointed to premiumisation, backward integration and margin expansion, while warning about execution delays and slower premiumisation. The summary does not say how the market has reacted so far.