Aditya Vision Limited (AVL) witnessed a notable rise in its share price, surging more than 2% after Nuvama Research initiated coverage with a ‘Buy’ rating. This positive momentum in AVL stock comes as the brokerage firm projects strong growth across key financial metrics, further enhancing the stock’s investment appeal.
Nuvama Research has forecasted a robust compound annual growth rate (CAGR) for Aditya Vision, predicting significant growth across revenue, EBITDA, and profit after tax (PAT) over the FY24–27 period. Specifically, Nuvama expects:
- Revenue Growth: 28% CAGR
- EBITDA Growth: 30% CAGR
- PAT Growth: 41% CAGR
Nuvama’s report places a target price of ₹672 on Aditya Vision’s stock, which represents a 36% upside from its current market price. This target price is derived from a discounted cash flow (DCF) analysis, incorporating an estimated 21% free cash flow growth over the next decade. Additionally, the valuation assumes a 15% weighted average cost of capital (WACC), which further underscores the attractive upside potential for investors.
As of 11:22 am, Aditya Vision shares were trading 2.89% higher at Rs 475.00 on the NSE.
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