New Delhi, April 29 -- In its latest report, global brokerage firm Phillip Capital has initiated coverage on Vilas Transcore with a 'Buy' rating and a target price of Rs.638 per share, citing the company's strong positioning in India's rapidly growing energy sector.

The brokerage also highlighted Vilas Transcore's robust financial metrics, which it believes are particularly relevant given the working capital-intensive nature of the transformer component industry.

Vilas Transcore is engaged in the manufacturing and supply of components used in the power distribution and transmission sector, catering primarily to transformer and other power equipment manufacturers in India and overseas. The company's shares debuted on the Indian stock mar...