Edelweiss maintains ‘buy/SO’ on ABFRL with target price of ₹224

Edelweiss maintains ‘buy/SO’ on ABFRL with target price of ₹224

The business of casualwear remains the group’s cash cow, generating ₹3bn in annual FCF for the last five years. Growth opportunities still available (targeting 3,750 new stores over FY21–26E) driven by new concepts such as Peter England Red and Allen Solly Prime.
Check the source here –Source, Financial Express.

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