GAGA Share Market News

[hfe_template id='11223'] [ad_1] Global brokerage Nuvama has initiated coverage on Skipper with a 'Buy' rating and a target price of Rs 650, indicating a potential upside of 46% from the previous closing price of Rs 444 per share. Nuvama highlighted that Skipper is poised for a powerful performance as a niche player in a strong position. The firm noted the proposed National Electricity Policy (NEP), which includes an indicative transmission capital expenditure of Rs 9.2 trillion. This, combined with the global shift towards renewable energy (RE), is expected to drive significant growth in high-voltage transmission and distribution (HV T&D) capital expenditure. Skipper is also set to benefit immensely from domestic and export order intake tailwinds. Nuvama projects an order inflow/sales/EPS compound annual growth rate (CAGR) of 22%/26%/50% over FY24-27, with an EBITDA margin of 10.5% by FY27. Additionally, the company is doubling its tower capacity and is not...