India, March 26 -- Allied Blenders & Distillers remains in focus as Nuvama reaffirms its bullish stance despite a weak Q3 show. The brokerage firm believes that the weakness in Q3 was due to temporary regulatory disruptions in key markets and expects an improvement in Q4. Additionally, premiumisation, new product launches under ABD Maestro, and an improvement in margins due to favourable input trends are expected to keep the growth story and profitability drivers for Allied Blenders & Distillers firmly in place.

With a market cap of Rs 11,423 crore, the shares of Allied Blenders & Distillers Ltd are trading at Rs 408 and are trading at a PE of 42.6 compared to their industry's PE of 32.5. The shares have given a return of about 29% in ...