Nuvama starts Powerica coverage with Buy, ₹700 target
In short
Nuvama began coverage of Powerica with a Buy rating and a ₹700 target price. The note says that could mean about 20% more upside from Friday’s close.
It points to demand from data centres, more wind capacity and emission-control devices. The report also says there are risks from costs and project execution, but does not give the IPO price.
What the reporting says
Nuvama initiated coverage of Powerica with a Buy rating and a ₹700 target, implying about 20% upside from Friday’s close, according to a publisher summary. The note cites growth from data-centre demand, expanding wind capacity and emission-control devices, while flagging cost-pass-through and project execution risks. The reporting does not state Powerica’s IPO price in the source snippet.
Why it matters
Nuvama started coverage of Powerica with a Buy call and a ₹700 target, based on a publisher summary. The rationale given is stronger demand from data centres, expanding wind capacity and emission-control devices, but the note also highlights cost-pass-through and execution risks. The source does not provide the full valuation context or confirm the reported share jump beyond the headline.