ICICI Securities in its latest note reaffirmed Cello World Ltd as its top pick and raised its target price to Rs 1060 per share, marking a 24% increase from the current market price.
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Cello World is expected to post a robust revenue growth of 18 per cent, an Ebitda growth of 23 per cent and a profit after tax growth of 25 per cent over FY23-FY26, compounded annually.