This Tata Group stock could rally over 30% as Anand Rathi sees upside1 min read 30 Dec 2021, 01:31 PM IST
The brokerage house has initiated coverage on the Tata Group stock Rallis India with a Buy recommendation
Considering its capex plans, focus on product launches, gaining export market-share, rising FCFs, expanding return ratios and strong balance sheet, Rallis India’s long-term performance leaves analysts at Anand Rathi upbeat. They expect the company's revenue/profit to clock 12%/22% CAGRs (compound annual growth rate) over FY22-24.
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