Wakefit Innovations shares gained over 4% after Nomura initiated coverage with a Buy rating and a Rs 200 target price, implying 30.7% upside. The brokerage cited Wakefit’s leadership in online mattresses, furniture expansion and vertically integrated model, while flagging Jumbo store execution, competition and raw-material volatility as key risks.
Wakefit Innovations shares gained over 4% after Nomura initiated coverage with a Buy rating and a Rs 200 target price, implying 30.7% upside. The brokerage cited Wakefit’s leadership in online mattresses, furniture expansion and vertically integrated model, while flagging Jumbo store execution, competition and raw-material volatility as key risks.
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