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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
India Inc's earnings season has revealed a disappointing performance, leading brokerages to predict limited market upside over the next year. Citi forecasts the Nifty 50 at 25,000 by 2025, while Emkay Global has revised its target down from 26,000. Even Goldman Sachs' optimistic estimate sees only a modest rise to 27,000 by December 2025.
LT Foods has established a new office in Riyadh, Saudi Arabia, marking its entry into the $2 billion rice and rice-based food market. The company plans to invest SAR 185 million ($49.3 million) over five years, aiming for revenue of SAR 435 million ($116 million) during this period. This move aligns with LT Foods' strategy to expand into new markets, building on its global revenue of $1 billion.
Motilal Oswal has initiated coverage on LT Foods, a prominent Indian basmati and specialty rice producer, with a BUY rating and a target price of INR 520. The company, known for its brands Daawat and Royal, operates on a farm-to-fork model and has a strong global presence in over 80 countries, achieving a 15% revenue CAGR from FY19-24. Currently trading at attractive valuations, LT Foods is expected to maintain robust margins and a return on equity of around 20% by FY27.
LT Foods Limited
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04:13 27.11.2024
03:08 26.11.2024
07:46 06.11.2024
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