{"id":317177,"date":"2026-10-19T15:34:21","date_gmt":"2026-10-19T10:04:21","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=317177"},"modified":"2026-10-19T15:34:21","modified_gmt":"2026-10-19T10:04:21","slug":"powerica-shares-jump-48-percent-above-issue-price-nuvama-bets-on-20-percent-more-returns-with-buy-call-what-backs-its-bullish-call","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/powerica-shares-jump-48-percent-above-issue-price-nuvama-bets-on-20-percent-more-returns-with-buy-call-what-backs-its-bullish-call\/","title":{"rendered":"Powerica Shares Jump 48% Above IPO Price: Nuvama Bets on 20% More Returns With Buy Call | What Backs Its Bullish Call"},"content":{"rendered":"

The Powerica share price closed Friday at Rs 585.60 on NSE, about 48% above the issue price of Rs 395 (my calculation), and Nuvama initiated coverage with a Buy rating and a Rs 700 target, which implies about 20% upside from that close. By 3:23 PM IST on 19 Oct the stock was at Rs 565.65, down about 3.4%, still about 43% above the issue price. I could not open Nuvama’s full report, so its details beyond the summary are not covered.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Powerica share price rose about 48% above its Rs 395 issue price because Q1 FY27 profit rose 27.3% to Rs 64.3 crore and the diesel generator order book reached about Rs 1,700 crore, including about Rs 900 crore from data centres. Nuvama initiated coverage with a Buy rating and a Rs 700 target, citing data centre demand, expanding wind capacity and emission control devices, and flagging cost pass-through and project execution as risks. On Monday the stock slipped about 3.4% to Rs 565.65 by 3:23 PM IST, in a market where the Sensex fell about 1.2%. The Powerica share price still has to prove that margins recover from Q3 FY27, as management has guided.<\/p>\n<\/p><\/div>\n

The Powerica share price has travelled a long way since listing on 2 Apr 2026 at Rs 366 on NSE, a 7.35% discount to the issue price, and it is now about 55% above that opening level (my calculation). Nuvama was also one of the three book-running lead managers of the issue, so readers may want to weigh the Buy call with that context in mind.<\/p>\n

This guide covers the live snapshot, the Nuvama call, the Q1 FY27 results, the data centre and wind drivers, a listing recap, a valuation check and the risks. It is educational and not a recommendation to buy or sell the share.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/p>\n

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