Up 83% from IPO price! IIFL Securities initiates coverage on Awfis Space Solutions with ‘Buy’, sees 40% upside
Domestic brokerage firm IIFL Securities has initiated coverage on Awfis Space Solutions with a ‘buy’ recommendation and a target price of ₹980 per share. This implies a 40 per cent upside potential from its last closing price of ₹700.75. The brokerage highlighted Awfis as the only listed pure-play company in the flexible workspaces segment, citing robust growth prospects and a unique business model as key drivers for its bullish outlook.
Stock Price Performance
Awfis has witnessed a remarkable rally since its market debut. The stock was listed at ₹435 on May 30, 2024, representing a 61 per cent gain from its listing price and an 83 per cent rise from its IPO price of ₹383. While the stock reached an all-time high of ₹945.70…
