JM Financial Initiates 'Buy' Rating on Juniper Green Energy Limited
1 report, 1 independent
Updated Fri 00:00
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What happened
JM Financial initiated coverage of Juniper Green Energy Limited with a 'Buy' rating and a target price of Rs 371. The firm noted that the stock was trading at Rs 266.05 on the NSE at the time of initiation. JM Financial stated that Juniper is among the top 10 renewable energy (RE) IPPs in India.
From moneycontrol.com
Why it matters
The rating reflects the company's operational portfolio of 2GW and its total portfolio size of 8.4GW. JM Financial noted that macro trends favor RE growth, supported by government targets for renewable capacity.
From moneycontrol.com
Who's involved
- GMPCompany whose growth projections were validated by the analyst rating.