Motilal Oswal is bullish on Manpasand Beverages has recommended buy rating on the stock with a target price of Rs 843 in its research report dated February 09, 2017.
Motilal Oswal's research report on Manpasand Beverages
We are confident that MANB is on the cusp of a high-growth cycle, led by its capacity expansion, new product launches and increase in distribution network, which should lead to market share gains from 5% in 2016 to 7.5% in 2018. We value the stock at 22x FY19E EPS; our target price of INR 843 implies 20% upside. We maintain our Buy rating.
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