Whalesbook
Jefferies has initiated coverage on WeWork India, assigning a 'Buy' rating and a target price of ₹790 per share, indicating a potential 23% upside from its current price of ₹639.80. The brokerage highlights WeWork India's leading position in the flexible workspace market, strong enterprise client base, and sustained demand from GCCs as drivers for multi-year growth. It is noted as the largest flex-workspace operator in India by revenue, boasting premium locations and a strong margin profile.