On the stock of Firstcry’s company Breenbies Solutions Limited, the brokerage firm Morgan Stanley has given an overweight rating and has a target price of Rs 574, which is about 55% higher than the current price of Rs 370. At the same time, JM Financials has also given a target of Rs 460 by giving a by rating. According to Brokerage, Q1’s performance was a bit weak, but the company’s international business and multi-channel strategy will increase profits in the long term. Strong brand positioning and store expansion plans are also positive signals for investors.
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