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HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside

viaeconomictimes.indiatimes.com16 Oct
HFCL’s AI, data centre exposure drives Nuvama’s Buy call; target implies 56% upside
Nuvama has initiated coverage on HFCL with a ‘Buy’ rating and a target price of Rs 380, implying a 56% upside from its reference price of Rs 244. The brokerage expects the company’s shift towards telecom and networking products, along with rising demand from data centres and exports, to drive…

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