Skipper’s stock continued its upward momentum, surging by 5.36% to reach ₹466.70 on the NSE at 9:33 AM, following a strong Buy recommendation from Nuvama. The brokerage expects a 45% upside from the current market price, with a target price of ₹650.
Nuvama’s report emphasizes Skipper’s strategic positioning in India’s infrastructure development, particularly in the transmission and distribution (T&D) sector. The company is expected to benefit significantly from the National Electricity Plan (NEP), which proposes a massive Rs 9.2 trillion investment in transmission systems. Global trends towards renewable energy (RE) also present growth opportunities for Skipper, especially in high-voltage T&D projects.
Additionally, Nuvama highlighted Skipper’s strong future prospects, with projected compounded annual growth rates (CAGR) of 22% in order inflows, 26% in sales, and 50% in earnings per share (EPS) over FY24–27. The brokerage expects the company to maintain an EBITDA margin of 10.5% by FY27, further reinforcing the stock’s potential for upside.
Disclaimer: This is based on a brokerage report and does not represent the views of the author or publication. Investments are subject to market risks. Readers should seek independent financial advice before making any investment decisions
