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ICICI Securities has issued an ‘add’ recommendation on Zydus Wellness with a target price of Rs 2,000, up from the current Rs 1,779. Zydus, a mid-cap FMCG firm, reported a Q4 income of Rs 465.70 crore. The brokerage revised earnings estimates due to tax impacts and maintains an ADD rating with key risks being product development delays.
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