HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a ‘Buy rating and a target price of Rs 380, implying a 56% upside from its reference price of Rs 244. The brokerage expects the companys shift towards telecom and networking products, along with rising demand from data centres and exports, to drive earnings growth.
Nuvama has initiated coverage on HFCL with a ‘Buy rating and a target price of Rs 380, implying a 56% upside from its reference price of Rs 244. The brokerage expects the companys shift towards telecom and networking products, along with rising demand from data centres and exports, to drive earnings growth.
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