Wakefit shares jump over 4% as Nomura initiates coverage. Check target price

Wakefit Innovations shares gained over 4% after Nomura initiated coverage with a Buy rating and a Rs 200 target price, implying 30.7% upside. The brokerage cited Wakefit’s leadership in online mattresses, furniture expansion and vertically integrated model, while flagging Jumbo store execution, competition and raw-material volatility as key risks.