Nuvama

• investments

AJAX Engineering has a robust outlook. Buy for target price of ₹860 (50% upside): Nuvama

Arjun November 14, 2025

Concrete consumption and mechanisation: A built-out opportunity

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• investments

JTL Industries revised its volume guidance to 450k–500k tons but maintained its EBITDA/ton guidance of ₹4,000. Buy for target price of ₹106 (76% upside): Nuvama

Arjun November 12, 2025

Given the miss on volumes and cut in guidance, we are cutting FY26E, FY27E...

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• investments

Vintage Coffee is entering a high-growth phase. Buy for target price of ₹250 (50% upside): Nuvama

Arjun October 31, 2025

Superior product mix to drive EBITDA, return ratios to expand

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• investments

LTIMindtree represents growth at reasonable valuation, with a favourable risk-reward profile. Buy for target price of ₹6200 (20% upside): Nuvama

Arjun July 18, 2025

LTIM is now in a unique position, wherein it is trading below the expensive...

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