Super Grp

Super Grp: IIFL reiterate Add, TP $1.72, on the growth track. Super expects to achieve 10-15% revenue growth in the branded consumer segment and robust sales growth in the ingredients segment. Like Super’s cash-generating business and expect it to register 16% profit CAGR over 2010-13. At 12.3x 2012 P/E, Super trades lower than its peers’ valuations of 14.3x-22.1x. See re-rating potential and value Super at 14.5x 2012 EPS.