BusinessPhoto: Mint MarketsNuvama Rates Powerica Buy with 20% Upside Target
Nuvama initiated coverage of Powerica with a Buy rating and a target price of ₹700, suggesting a 20% upside from the recent close. The firm expects growth driven by data-centre demand, expanding wind power capacity, and emission-control devices. Risks include cost pass-through challenges and project execution issues. Powerica shares recently jumped 48% above the IPO price.
Mint Markets·


