Economy · India
Jefferies initiates coverage on Indian alcoholic beverage stocks
Financial services firm Jefferies has initiated coverage on Indian alcoholic beverage companies Radico Khaitan and Allied Blenders. The firm assigned a 'Buy' rating to both stocks, projecting potential upside of up to 25%. Jefferies highlighted that the Indian alcobev sector has significantly outperformed the broader staples sector in recent fiscal years.
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- Centre (2): Business Standard, Mint