Afcons Infrastructure: Analysts Project Upside Potential with 'Buy' Ratings

Nomura initiates coverage with 'Buy' rating and ₹561 target price. Investec sets ₹630 target, citing strong margins and order inflows. Jefferies compares Afcons to L&T, setting ₹580 target. Q3 EBITDA exceeded estimates, with margins at 11.3%. Order backlog grows to ₹38,000 crore. Analysts expect 20-25% revenue growth in FY26E.