India's Allied Blenders and Distillers rises as JM Financial starts at 'buy'

Allied Blenders and Distillers

12/12/2025 04:15

* Allied Blenders and Distillers ALLE.NS rises 1% to 620.85 rupees

** Brokerage JM Financial initiates coverage on Indian spirits maker with "buy" rating and PT of 738 rupees

** Stock on avg rated "buy" with median PT of 738 rupees - data compiled by LSEG

** Brokerage points out that co is third-largest Indian-made foreign liquor brand with "leadership position" in mass premium segment; to improve premium presence

** Brokerage expects earnings trajectory to improve going ahead after portfolio and cost tweaking, sees sales CAGR of 12% through FY28

** Stock up 44.5% YTD up to last close

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))