Emkay Global flags 'Reduce' on Aditya Birla Fashion, sets Rs 230 target

Emkay Global Financial issued a 'Reduce' rating on Aditya Birla Fashion and Retail with a target price of Rs 230, per its research report dated April 23, 2024.

— Filed Tue, 23 Apr, 2024, 13:22 IST · Source Moneycontrol · Updated

Emkay Global Financial issued a 'Reduce' rating on Aditya Birla Fashion and Retail with a target price of Rs 230, per its research report dated April 23, 2024.

Why this matters

Emkay Global's 'Reduce' call with a Rs 230 target reflects a cautious analyst stance on Aditya Birla Fashion and Retail, a key player in India's retail-company space.

Retail-company signals are accelerating, up 417400% QoQ.