Credit Suisse raises target price of Marico:

Marico

Marico share price touched a 52-week high of Rs 532.60, adding nearly 5 percent on June 29 after foreign broking house Credit Suisse raised the target price on the stock to Rs 600 from Rs 490 per share earlier.

According to Credit Suisse, the company is amongst the most successful TAM expansions if the FY24 revenue target for Saffola is achieved.

In our base case, we see Saffola Foods reaching Rs 740 crore of revenue in FY24 and Rs 850 crore target in foods will be achieved via one more category entry, it added.

The company needs a faster ramp-up in honey & soya chunks to achieve the revenue target.

News Source:- Moneycontrol

For Enquiry Fill The Form

    *Note:- Please provide a valid Email Id to receive OTP from bigprofitbuzz.com.

    Facebook Iconfacebook like buttonYouTube IconTwitter Icontwitter follow button