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Brokerage Firm Bullish on Liquor Stock, Projects 40% Upside After Rs 10,000 Grew to Rs 3 Lakh in 6 Years
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Tilaknagar Industries: Brokerage Sees 40% Upside After 3000% Surge in 6 Years
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News18
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04-03-2026, 19:00
Tilaknagar Industries: Brokerage Sees 40% Upside After 3000% Surge in 6 Years
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Ventura Securities initiates 'Buy' on Tilaknagar Industries, setting a target price of Rs 598, indicating a 40% upside.
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Stock surged nearly 3000% in 6 years, turning Rs 10,000 into Rs 3 lakh since March 2020 lows.
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Strategic moves include acquiring Imperial Blue whisky franchise and a 21.4% stake in Spaceman Spirits Lab.
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Brokerage projects revenue CAGR of 54.4% to Rs 5,279 crore by FY28, with strong EBITDA and net profit growth.
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Despite recent dip, premiumisation focus and potential India-UK FTA benefits support long-term growth.
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