WeWork India Shares Jump 8% After Jefferies Initiates ‘Buy’ Call, Sees 28% Upside

WeWork India Management shares surged in early trade on November 18 after global brokerage firm Jefferies initiated coverage on the newly listed stock with a ‘Buy’ call. The brokerage set a target price of ₹790 per share, indicating strong potential upside from current levels.

The stock jumped nearly 8 percent in morning trade, reflecting positive investor sentiment following Jefferies’ recommendation.

Stock Hits Intraday High Before Paring Some Gains

During the early hours of trade, WeWork India shares rose sharply and touched an intraday high of ₹662.80 per share. This strong move came shortly after Jefferies’ report was released.

By 10:20 am, the stock had trimmed some of its gains but continued to trade in the green, up around 5 percent at ₹644.45 per share. The sharp price movement indicates that the market reacted immediately to the brokerage’s bullish outlook.

The quick rise towards the day’s high, followed by a slight pullback, shows active profit booking at higher levels while overall optimism remained intact.

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Jefferies Sets ₹790 Target Price, Sees 28.5% Upside

Jefferies’ target price of ₹790 per share represents an upside potential of nearly 28.5 percent from the stock’s previous closing level of ₹614.8 per share. This target places WeWork India among the brokerage’s higher conviction ideas in the flexible workspace segment.

The ‘Buy’ rating reflects Jefferies’ confidence in the company’s business model, market positioning, and post-listing performance. The firm noted the opportunity for further growth from the stock’s current valuation.

The expectation of a 28.5 percent upside has strengthened short-term market sentiment, driving fresh buying interest in the counter.

Key Risk: Sharp Weakening in Office Demand

Alongside the positive outlook, Jefferies also highlighted a notable risk factor. The brokerage cautioned that a sharp downturn in office demand could pose a significant challenge to WeWork India’s growth potential.

This concern arises from the company’s reliance on workspace occupancy and demand trends in the commercial real estate sector. While the ‘Buy’ call underscores overall confidence, the downside risk remains tied to broader market conditions in the office leasing segment.

Jefferies’ balanced view suggests optimism for growth, tempered by caution over sector-specific headwinds.

Newly Listed Stock Continues to Attract Analyst Attention

WeWork India, being a newly listed entity, has seen increasing attention from analysts and institutional investors. Jefferies’ initiation of coverage marks one of the early major reports on the company since its listing, helping shape market expectations for its near-term and medium-term performance.

The stock’s price movement over the past few sessions reflects heightened activity, with investors closely monitoring updates from global brokerages and market experts.

Market Reaction Reflects Confidence and Caution

The strong price jump of nearly 8 percent indicates an immediate positive reaction from the market. Investors often respond quickly to major brokerage upgrades, and in WeWork India’s case, the optimism was evident in the early rally.

However, the partial trimming of gains by mid-morning indicates that traders are also acknowledging the caution flagged by Jefferies regarding potential risks associated with office demand volatility.

Overall, the sentiment remains positive, supported by a strong upside target and renewed analyst coverage.

Outlook

With Jefferies assigning a bullish target and identifying key risks, the stock is likely to remain on the investor radar in the coming sessions. Its price performance will depend on how market participants interpret growth opportunities versus sector-related challenges.

The next few sessions will indicate whether the stock can sustain momentum toward Jefferies’ target price of ₹790.

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