Mumbai, July 8 -- A domestic brokerage initiated coverage with a target price of Rs 320, implying an upside of 24.04% from the prevailing market price. It cited Aequs' position as India's only vertically integrated precision manufacturer of aerospace components, its long-standing relationships with global aerospace OEMs and its expansion into consumer electronics.

A foreign brokerage also initiated coverage with a target price of Rs 444, implying an upside of 72.10%. It highlighted the company's vertically integrated aerospace manufacturing ecosystem, robust order book and growing presence in aero-engine components as key growth drivers.

The buying interest lifted Aequs to a record high of Rs 271 during the session, taking its market ca...