India's Juniper Green jumps as JM Financial starts coverage with 'buy'
BUZZ-India's Juniper Green jumps as JM Financial starts coverage with 'buy' ** Shares of India's Juniper Green JUNP.NS rise 3.41% to 266.45 rupees
** JM Financial initiates coverage of renewable energy producer with "buy" rating and PT of 371 rupees, implying about 44% upside from Thursday's close
** Brokerage expects co's operational renewable capacity to rise to 5.9 GW by FY29 from 1.3 GW in FY26, while maintaining EBITDA margins of about 88%-89%
** Forecasts revenue and EBITDA to grow at annual rates of 101% and 104%, respectively, over FY26-FY29, helped by capacity additions and project execution
** Says co's portfolio comprises 2 GW of operational capacity, 2.7 GW of projects under construction and another 3.7 GW of under-construction and awarded projects
** Stock up 8.7% since listing on August 6
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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