Powerica shares jump 48% above IPO price: Nuvama bets on 20% more returns with Buy call | What backs its bullish call

Nuvama initiated coverage of Powerica with a Buy rating and a ₹700 target, implying about 20% upside from Friday’s close. It expects growth from data-centre demand, expanding wind capacity and emission-control devices, while flagging risks including cost pass-through and project execution.