WeWork India rises after Ambit initiates coverage at "buy"

Wework India Management

09/07/2026 05:38

** Shares of WeWork India WEWO.NS rise 2.65% to 733.05 rupees
** Ambit initiates coverage on Embassy Group-backed flexible workspace operator with "buy", PT of 950 rupees
** Brokerage says WeWork India identifies enterprise demand and secures matching supply, unlike global parent which leased spaces speculatively
** Brokerage notes ~94% of WEWO's portfolio comes from institutional grade-A developers, supporting stronger pricing power
** WeWork's pricing is more than 2x of peers and records 87% occupancy, highest in sector - brokerage
** Demand largely shifting to premium grade-A flex spaces driven by GCCs and large enterprises, making premium pricing sustainable - Ambit
** All 7 analysts covering stock rate WEWO "buy" or "strong buy"; median PT is 900 rupees - data compiled by LSEG
** YTD, WEWO up 21.2%
     

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))