India's Midwest hits record high after Motilal Oswal starts with 'buy' rating

Midwest

26/12/2025 06:31

** Mining co Midwest's MIDW.NS stock rises 4% to record 1,693 rupees

** Brokerage Motilal Oswal initiates coverage on stock with "buy" rating, sets PT at 2,000 rupees

** Says co remains dominant black galaxy granite player, commanding nearly 64% of India’s granite export share in FY25

** Adds, co well-positioned to benefit from rising black galaxy export demand, domestic demand for absolute black granite

** Over FY25-28E, sees co's adj PAT to rise 56% CAGR

** MIDW up 48% since listing on Oct 24

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))