ORKLAINDIA

** Shares of Orkla India ORKL.NS rise 8% to 604 rupees after Citi initiates coverage at "Buy" and TP of 750 rupees

** Stock on course to snap five straight sessions of losses

** Citi says positive view driven by strong category tailwinds, south India market leadership and disciplined portfolio expansion

** Brokerage sees margin gains from favourable mix, operational efficiencies across MTR and Eastern brands

** Sees 9% consolidated revenue growth in FY26–28; expects margins to reach 17.2% by FY28

** Expects net profit to log 9% growth over same period

** Citi says international markets contribute 20% of revenue, growing faster than domestic on diaspora demand, localisation for non‑Indian consumers

** Stock down ~21% since listing in November last year

(Reporting by Yagnoseni Das in Bengaluru)

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Jan 6 (Reuters) - Orkla India Ltd ORKL.NS:

• ORKLA INDIA LTD - GETS TAX DEMAND OF 24.6 MILLION RUPEES

Source text: ID:nNSE14zMh5

Further company coverage: ORKL.NS

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Nov 12 (Reuters) - Billionbrains Garage Ventures BILO.NS, the parent company of online stock broker Groww, listed at a premium of 12% on the National Stock Exchange of India on Wednesday, after its $754 million initial public offering.

The stock listed at 112 rupees, above the issue price of 100 rupee.

(Reporting by Vivek Kumar M in Bengaluru; Editing by Rashmi Aich)

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