India's Gopal Snacks rises after Emkay Research starts coverage with 'buy'

Gopal Snacks

14/10/2024 10:13

** Shares of Gopal Snacks  GOPA.NS  rise 3.9% to 440 rupees
    ** Emkay Research initiates coverage of the stock with "Buy"
rating and TP of 600 rupees per share
    ** Emkay's TP indicates an upside of 41.5% to stock's last
close 
    ** Brokerage says GOPA is well positioned to capitalize on
growth in savoury snacks industry, which is set for double-digit
expansion
    ** Co has early capacity investments, strong backend
capabilities, resulting in high asset turnover and returns -
Emkay
    ** Emkay flags, concentrated production, reliance on impulse
packs, and volatile raw material costs as key risks
    ** Including session's gains, stock up ~16% since its
listing in mid-March

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))