JSW Energy shares gained more than 4% after international brokerage firm Nomura initiated coverage on the company with a ‘Buy’ rating.
With a target price of INR 885, Nomura has issued a “Buy” rating on JSW Energy, predicting a possible 31% increase in the stock.
According to Nomura, JSW Energy’s EBITDA would increase at a compound annual growth rate (CAGR) of 38% from FY24 and FY27.
As of 11:22 am, JSW Energy shares were trading 4.51% higher at Rs 704.60 on the NSE.
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