Tag: Emkay
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Emkay Projects 48% Upside for Waaree Energies: A Renewable Energy Investment Analysis
Emkay Global initiated coverage on Waaree Energies with a ‘Buy’ rating and a March 2027 target price of Rs 4,260, implying about 48 per cent upside. The brokerage valued the company’s core photovoltaic manufacturing business at 14 times March 2028 enterprise value-to-Ebitda. Emkay Global said India’s solar-manufacturing ecosystem had been supported by regulatory measures such…