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Ugro Capital - The Growth Stage Is In Place: Centrum Broking Initiates Coverage With A 'Buy' Rating

We initiate coverage on Ugro Capital with a 'Buy' rating and a target price of Rs 395, premised on 2.0 times H1 FY26E price/adjusted book value, offering 49% upside.

<div class="paragraphs"><p>Close view of counting Indian rupee bank notes. (Source: Usha Kunji/NDTV Profit)</p></div>
Close view of counting Indian rupee bank notes. (Source: Usha Kunji/NDTV Profit)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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