Economy
Ethos Shares Jump 5% as Choice Broking Initiates Coverage With ₹3,050 Target
Livemint1h
THE BRIEF
1
Ethos shares jumped 5.1% intraday to ₹2,747 on the BSE on Wednesday, reflecting a 27% surge over the last six months following luxury watch retail demand.
2
Choice Equity Broking initiated coverage on Ethos with an add recommendation and a target price of ₹3,050, implying a 17% upside from its previous close.
3
The brokerage projects revenue, EBITDA, and PAT CAGRs of 26%, 30%, and 33% respectively from FY26 to FY29, supported by store expansion from 103 to 169 locations.