Allied Blenders & Distillers is crafting a comeback with barrel-proof execution. Buy for target price of ₹730 (18.7% upside): JMFICS

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We initiate with a BUY rating and a Mar'27 TP of INR 730 (18.7% upside), valuing ABD at 47x Mar’27 EPS (discount to target multiple of UNSP/Radico).