Shadowfax Technologies Share Price In Focus After Kotak Equities Assigns 'Add' Rating, Sees 10% Upside
A quarterly results development with market-wide reach.
· NDTV Profit
Kotak Institutional Equities initiated its coverage on Shadowfax Technologies shares with an Add' rating and a target price of Rs 310, valuing its Express business at 27X two-year forward EV/EBITDA.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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