Wakefit Innovations shares jumped more than 4% in early trade on Thursday after Nomura initiated coverage with a Buy rating and a target price of Rs 200, citing the company’s online mattress leadership, furniture expansion and vertically integrated operating model.
The stock rose 4.15% to Rs 158.80 on the NSE, from its previous close of Rs 152.47. It later touched an intraday high of Rs 159.95 before paring gains.
