India's Mrs. Bectors hits 2-year high as Sharekhan points to 27% upside

Mrs. Bectors Food Specialities

19/04/2023 09:25

** Shares of Mrs. Bectors  MRSB.NS  rise nearly 2% to 598
rupees, their highest since Dec 28, 2020
    ** Brokerage Sharekhan initiates coverage of the food
products manufacturer with a "positive" view; adds, stock to see
an upside of 27% over the next 12 months  
    ** Strong growth prospects, attractive valuations make MRSB
an emerging play in consumer goods space - Sharekhan
    ** Adds, capacity expansion, widening and digitisation of
distribution augur well for co
    ** Expects company to maintain growth momentum of 23% CAGR
in revenue through FY25
    ** Of the five analysts tracking MRSB, four have "buy"
rating, one "hold;" median TP is 617 rupees




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))