Shares of Brainbees surged nearly 3% after Kotak Securities initiated coverage with an “Add” rating and a target price of ₹630, offering significant upside potential from the current market price of ₹598.25.
As India’s largest player in its sector, Brainbees is poised for growth with improving margins. The company’s brand aggregator, GlobalBees, is now profitable and well-positioned for rapid scalability. Kotak Securities forecasts a 17% revenue CAGR and a 30% EBITDA CAGR for Brainbees over FY24-FY27, driven by operational efficiencies and strong market leadership.
Brainbees’ stock opened at ₹620.05, reaching a high of ₹623.70 and a low of ₹610.55 during trading. The stock’s 52-week high stands at ₹734.00, while its 52-week low is ₹514.50.
As of 9:58 am, Brainbees shares were trading 2.49% higher at Rs 614.35 on the NSE.
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