Nuvama sees Afcons Infra in a ‘league of its own’, initiates coverage with Rs 535 target price
Domestic brokerage firm Nuvama Institutional Equities has initiated coverage on Afcons Infrastructure Ltd (AIL) with a ‘buy’ rating and a target price of Rs 535, as it believes that the company is ‘in a league of its own’. The target price given by the brokerage firm implies a 23% upside potential from current levels. The…