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The Economic Times
The Economic Times
Business
Debaroti Adhikary

This smallcap aerospace stock could soar up to 91%, predicts Nuvama

Nuvama Aequs Boeing OB Airbus

Nuvama initiated coverage on aerospace player Aequs with a 'Buy' rating and a target price of Rs 444, implying a 91% upside from the stock's previous closing price of Rs 232.

Aequs deserves a valuation premium above pharma CDMOs, as unlike molecules, aircraft programmes never expire, Nuvama said in its latest report, calling the company a sector outperformer. The shares of the company surged 4% on Tuesday morning.

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