140% rally in 4 months! This smallcap aerospace stock soars 18% in 3 days to fresh lifetime high. Should you buy?

Aequs shares hit a record high of Rs 274.39, adding over Rs 2,850 crore to market cap. IIFL Capital initiated coverage with a Buy rating and Rs 320 target (25% upside), while Nuvama set a Rs 444 target (73% upside), citing an $889 million order book supporting a 42% revenue CAGR and 84% EBITDA CAGR over FY26-29. The stock has rallied 140% in four months since its December 2024 IPO at Rs 124, and is positioned as India's only vertically integrated precision aerospace component manufacturer supplying Airbus and Boeing.