Aditya Birla Fashion and Retail Ltd.

NSE: ABFRL | BSE: 535755 | ISIN: INE647O01011 | Industry: Department Stores
| Momentum Trap
252.8000 -1.92 (-0.75%)
NSE Mar 25, 2025 13:08 PM
Volume: 1.7M
 

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Aditya Birla Fashion and Retail Ltd.
12 Sep 2018
252.80
-0.75%

Aditya Birla F

buy
by JM Financial
Target: 225
JM Financial
We do not want to let go the opportunity of having a very large business in the future was the key message delivered by ABFRL's management in recent investor meetings. A lot of the strategic initiatives in recent times were towards this end, e.g. the reduction in product prices at Pantaloons' stores in recent years was not to do with competition in the space but aimed more at bringing affordability to a level that would allow the format to travel to 250+ towns vs just the top-20 cities that it would otherwise have been confined to. We find the narrative extremely compelling for the longer term, and management's steadfast focus on cashgeneration and return-ratio (targeting 18-20% ROCE for Pantaloons in the next 3 years)...
 
Aditya Birla Fashion.. has an average target of 270.75 from 4 brokers.
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