CLSA Sees 20% Upside In Aditya Birla Fashion On Hopes Of Robust Operating Growth

Global brokerage house CLSA is positive on Aditya Birla Fashion that was one of the biggest gainers in FY19, climbing nearly 50 percent.

"We see a robust 30 percent EBITDA CAGR over FY18-21," said the research firm which has maintained buy call on the stock with a price target at Rs 265, implying a 20 percent potential upside from current levels.

The company is aimed to establish itself as the No 2 player in the innerwear segment and its balance sheet is on an improving trajectory, said the brokerage house.

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