This stock can earn up to 40 percent, three market stalwarts have given investment advice
This stock can earn up to 40 percent
ICICI Direct, Emkay Global Financial and Anand Rathi have given investment advice on Aditya Birla Fashion & Retail. The broking firm has given a target of increase of 32 to 40 percent.
There are ups and downs in the stock market. Thus the market (stock market) experts are advising to do stock specific business. At present, the effect of foreign signals is being seen in the market. However, such companies whose own performance is better. Recording gains in the market. Today we will give you one such stock (Stock) on which three leading broking firms have reposed their trust and Investment ,Investment) is advised. Based on the given target, further growth of up to 40 percent is expected in this stock. This stock is of Aditya Birla Fashion in which ICICI Direct, Emkay Global Financial and Anand Rathi have given investment advice.
40 percent growth expected
ICICI Direct has given investment advice in Aditya Birla Fashion & Retail with a target of Rs.340. On the other hand, Emkay Global Financial has given a target of 360 for the stock. On the other hand, Anand Rathi estimates that the stock can reach the level of 358. Currently the stock is at the level of 257. That is, a further 40 percent increase in the stock is possible from here. At the same time, investors can get a return of 32 percent in the stock even on the lower estimate. This stock’s target is for the long term. The stock has been witnessing volatility since November. However, this has been a profitable deal for long-term investors. In the last one year, the stock has increased from the level of 185 to the level of 257.
Why the trust of experts increased on the stock
Emkay Global, which has given the highest target, has written in its research report of 25 May that the company has approved the fund raising of Rs 22 hundred crores. It will be used to strengthen many of its important brands. Which will benefit the company in the coming time. At the same time, the company’s EBITDA in the fourth quarter has been much better than the estimates. On the other hand, according to ICICI Direct, the funds raised will help in reducing debt and strengthening the balance sheet. The company is currently running with a target of achieving annual compound growth of 15 per cent by FY 2026.
(Investing in the stock market has its own risks, please make the investment decision wisely and also check the given advice at your own level)
