Fundamental Radar:Double-digit earnings growth makes Mrs. Bectors Foods stock attractive; buy for a target of Rs 740, says Kruttika Mishra of Sharekhan

"Mrs. Bectors Foods Specialities is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. Consistent double-digit earnings growth will act as a key trigger for a valuation uptick in the years to come. The stock is trading at 31.5x/24.7x its FY2024E/25E earnings and we have a target of Rs. 740," Kruttika Mishra, Research Analyst, Sharekhan by BNP Paribas, said.