India's Eureka Forbes hits six-month high on upbeat revenue guidance

Eureka Forbes

28/11/2025 06:18

** Eureka Forbes EURK.NS jumps as much as 7.8% to a six-month high of 654.4 rupees

** Brokerages flag robust growth prospects post an analyst meet, where the company forecast doubling revenue to 56 billion rupees ($625.96 million) and tripling operating profit to 8.5 billion rupees by FY30

** ICICI Securities ("Buy"; PT raised to 700 rupees), Emkay Global ("Buy"; PT 775 rupees) and Antique Stock Broking ("Buy"; PT 701 rupees) say growth in water and air solutions, a richer product mix, and strong execution will likely power earnings

** Antique says EURK is poised for a multi-year growth cycle

** Stock is rated "Strong Buy" by 11 analysts with a median target of 730 rupees, according to data compiled by LSEG

** EURK is up 11.6% YTD, outperforming the Nifty Microcap 250's .NIFTYMICROCAP250 7.6% decline

($1 = 89.4625 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))