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Choice Institutional Equities raises Shringar target to Rs 400

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Choice Institutional Equities maintained a Buy rating for Shringar House of Mangalsutra, citing strong Q2FY27 volume growth of 10% YoY. The broker revised its target price to INR 400 from INR 330, implying 28.1% upside. Adjusted EBITDA margins declined due to higher operating and employee costs.

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