Orkla India Shares Rise After Brokerage Initiates Coverage with Buy Rating

Orkla India shares rose sharply following a foreign brokerage's initiation of coverage with a 'Buy' rating and a target price of Rs 750, indicating over 30% upside potential. The brokerage highlighted Orkla's market leadership in South Indian spices and convenience foods, driven by product mix improvements, distribution expansion, and international demand. It projects steady revenue and earnings growth with margin expansion, while noting risks such as commodity price volatility and regional market concentration. The company reported modest profit and sales growth in Q3 FY26.