17 Sep 2025 | 5 Mins Read
Eureka Forbes stock gains 2% with Buy rating from Nuvama
Flipitmoney
Eureka Forbes shares gained 2.2% to Rs 592 on the NSE after Nuvama Institutional Equities initiated coverage with a "Buy" rating and set a 12-month price target of Rs 700, indicating over 20% upside. The company is India's largest electric water purifier firm with 40-45% market share and is expected to see double-digit industry growth led by urbanisation and health awareness.