Smallcap aerospace stock jumps 17% after earning two bullish brokerage calls

Aequs shares jumped 17% to a lifetime high of Rs 271 after IIFL Capital and Nuvama initiated coverage with Buy ratings and target prices of Rs 320 and Rs 444 respectively, implying up to nearly 83% upside. The brokerages highlighted Aequs' position as India's only vertically integrated aerospace precision manufacturer and Tier-1 supplier to Airbus and Boeing, supported by a USD 889 million order book projecting a 42% revenue CAGR and 84% EBITDA CAGR over FY26-29. The small-cap stock added over Rs 2,626 crore to its market capitalisation, taking it to nearly Rs 18,200 crore.