Skipper Ltd shares hit all time high after Axis Securities initiates coverage with buy rating 600 rupees per share target stock market news

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Smallcap Stock Hits All-Time High: Skipper Ltd (SKIPPER) shares surged to a grounds precocious connected Monday aft Axis Securities initiated sum connected the banal with a 'buy' standing and a people terms of Rs 600. The banal of the Kolkata-headquartered transmission & organisation infrastructure shaper gained by arsenic overmuch arsenic Rs 65.5, oregon 15.7 per cent, to Rs 483.1 apiece connected BSE, surpassing an earlier highest of Rs 464.7 registered connected August 26.

The brokerage's people implies an upside of astir 44 per cent from Friday's closing price.

At 12:30 pm, the Skipper Ltd banal was holding connected firmly to the greenish with an intraday summation of 13.7 per cent astatine Rs 475.1 apiece connected the bourse with immense volumes. As galore arsenic 1.7 lakh Skipper shares changed hands for the time truthful acold arsenic against a regular mean of 39,000 recorded successful the past 2 weeks, according to provisional speech data.

Skipper Ltd is the country's largest and the world's lone integrated transmission and organisation (T&D) subordinate that is "uniquely positioned to capitalise connected the rising request successful the sector", according to Axis Securities.

Axis Securities analysts suggest adding Skipper Ltd to the concern portfolio to capitalise connected the upside imaginable successful the country's evolving T&D landscape.

Skipper Ltd’s beardown marketplace positioning, maturation trajectory, and operational ratio contiguous a compelling concern opportunity, they wrote successful a study dated September 23.

The institution has a steadfast bid publication of Rs 5,844 crore crossed domestic, international, and non-T&D sectors, and a bidding pipeline of Rs 18,000 crore, retired of which, Rs 11,500 crore pertains to planetary T&D orders, according to Axis Securities.

Axis Securities values Skipper Ltd astatine a price-to-earnings (PE) aggregate of 22 times the FY27 net per share, citing beardown sectoral tailwinds, capableness enlargement plans, a robust bid book, and improving margins. Read much connected however Axis Securities views Skipper Ltd

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