Business · Markets · 2 hrs ago
MarketSmith India recommends Allied Blenders and SG Finserve
MarketSmith India recommended buying shares in Allied Blenders and Distillers and SG Finserve, two companies listed in India.
The recommendations came after Indian stocks rebounded on Friday, with the Nifty 50 rising 1.3% to 22,520.45.
MarketSmith set a target price of ₹820 for Allied Blenders over two to three days, citing its premium brands and growing exports.
It set a target of ₹770 for SG Finserve over two to three months, pointing to growth in its supply-chain finance business.
Both recommendations carry risks: Allied Blenders faces changing alcohol rules and costs, while SG Finserve is exposed to borrower stress and shifts in funding conditions.
The recommendations give investors targets and risks to consider; the information provided does not say what either stock will do next.
MarketSmith India recommended Allied Blenders and Distillers and SG Finserve as stocks to buy.
The recommendations were published on 12 October for 10 October.
MarketSmith set a target price of ₹820 for Allied Blenders within two to three days.
It set a target price of ₹770 for SG Finserve within two to three months.
The article also outlined business strengths and risks for both companies.
- Who
- MarketSmith India recommended Allied Blenders and Distillers and SG Finserve.
- What
- It recommended buying both stocks and gave target prices for each.
- When
- The recommendations were for 10 October; the article was published on 12 October 2026.
- Where
- India.
- Why
- MarketSmith cited growth strategies and business expansion, alongside technical indicators, as reasons for the recommendations.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
MarketSmith India’s stock recommendations were for this date.
Mint published the recommendations.
- Allied Blenders target price
- ₹820 in two to three days
- Allied Blenders current price
- ₹712
- SG Finserve target price
- ₹770 in two to three months
- SG Finserve current price
- ₹676
- Market
- Indian equities
Sources
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