Australia's Mayfield Group rises as Bell Potter initiates coverage at premium

Mayfield group

27/10/2025 02:32

** Shares of Mayfield Group Holdings MYG.AX rise as much as 9.2% to A$1.9, their highest level since October 9

** Stock logs largest intraday pct jump since October 9

** Mayfield is a national supplier of electrical equipment, including switchboards, control modules and kiosk substations; also delivers whole-of-life services for communications infrastructure integrated with power and energy storage solutions

** Bell Potter initiates coverage with "buy" rating and target price A$2, representing a 14.9% premium to stock's last close

** Brokerage says stock provides investors with leveraged exposure to favourable thematics in renewable energy generation, storage and transmission asset construction and proliferation of data centres, among others

** More than 180 million shares change hands, 7.5 times its 30-day average

** Stock up 149.5% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))