Jefferies initiates coverage on 3 liquor stocks with 'buy' ratings, sees up to 25% upside potential
Jefferies projects strong growth for United Spirits, Radico Khaitan, and Allied Blenders, with a 'Buy' rating for all. Radico is the top pick, anticipated to achieve a 35% EPS CAGR over FY25–28E. Target prices set at ₹2,800 for Radico, ₹1,315 for United Spirits, and ₹620 for Allied Blenders.
Jefferies projects strong growth for United Spirits, Radico Khaitan, and Allied Blenders, with a 'Buy' rating for all. Radico is the top pick, anticipated to achieve a 35% EPS CAGR over FY25–28E. Target prices set at ₹2,800 for Radico, ₹1,315 for United Spirits, and ₹620 for Allied Blenders.
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