Buy Allied Blenders & Distillers, target price Rs 400: ICICI Securities

ICICI Securities recommends buying Allied Blenders & Distillers Ltd. shares, targeting a price of Rs 400. The company aims to leverage the premiumisation trend in the alco-beverages industry through new product launches and strategic growth plans. Promoters hold 80.91% of the company. Key risks include regulatory changes and potential scale-up issues in the P&A segment.