Daily Market Updates: Powerica shares jump 48% above IPO price: Nuvama bets on 20% more returns with Buy call

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Powerica shares jump 48% above IPO price: Nuvama bets on 20% more returns with Buy call | What backs its bullish call

Reported · Written up by our desk · North America

Nuvama initiated coverage of Powerica with a Buy rating and a ₹700 target, implying about 20% upside from Friday’s close. It expects growth from data-centre demand, expanding wind capacity and emission-control devices, while flagging risks including cost pass-through and project execution.

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LiveMint MarketsPowerica shares jump 48% above IPO price: Nuvama bets on 20% more returns with Buy call | What backs its bullish call

Global Markets

Powerica shares jump 48% above IPO price: Nuvama bets on 20% more returns with Buy call | What backs its bullish call

More like this

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