VERIFIEDET Stocks·17 Jul 2026positive

Nuvama initiates coverage on SG Mart, Siemens Energy India with Buy; sees up to 21% upside

AI Summary

·Nuvama Institutional Equities initiated coverage on SG Mart and Siemens Energy India with 'Buy' ratings.
·The brokerage cited strong earnings growth, improving profitability, and favourable industry trends for its ratings.
·Nuvama set target prices of Rs 777 for SG Mart and Rs 4,200 for Siemens Energy India, implying potential upsides of 18% and 21% respectively.