India, Nov. 18 -- Shares of coworking major WeWork India jumped 7.7% during intraday trading today to INR 661.95 after global investment firm Jefferies initiated coverage on the company with a bullish outlook.

At 15:04 IST, the stock was trading 3.82% higher at INR 637.45 on the BSE. Its market cap stood at INR 8,535.27 Cr (around $963.4 Mn) with nearly 8.4 Lakh shares traded by then.

WeWork India made its stock market debut on October 10, listing with a slight discount at INR 646.5. Since listing, the company's shares have declined by about 2%.

Marking the first-ever brokerage coverage for WeWork India, Jefferies initiated the stock with a 'Buy' rating and a price target of INR 790, implying a 28.6% upside from the previous close.

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