Tiger Brokers

BUZZ-India's Inventurus Knowledge rises after Nomura initiates with 'buy'

Reuters
Nov 24
BUZZ-India's Inventurus Knowledge rises after Nomura initiates with 'buy'

** Digital healthcare solutions provider Inventurus Knowledge Solutions INVU.NS rises ~2% to 1,599.1 rupees

** Nomura initiates coverage with "buy", sets PT of 2,000 rupees, implying a 27.6% upside to last close

** Says co offers a comprehensive one-stop platform for U.S. healthcare organisations, handling administrative tasks, so they can focus on core operations

** Says co has long-term client relationships, with 48% of FY24 revenue coming from clients availing more than four solutions, reflecting breadth of cross-selling

** Expects 16.4% CAGR in revenue over FY25-28 and 32.5% CAGR in earnings per share

** INVU rated "buy" on average by four analysts, with median PT at 1,770 rupees - data provided by LSEG

** YTD, stock down ~16.6%

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

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