Multibagger stock, Sept. 7 -- Brokerage firm Nuvama Institutional Equities has recommended multibagger stock Venus Pipes for long-term. The brokerage firm has given the target price of Rs.2,260 apiece, sees over 80 per cent upside potential.

"Given a strong order book, capacity additions and an increase in the share of value-added products, we maintain 'BUY' with a TP of INR2,260 based on 25x Q1FY28E EPS," the brokerage firm said in a note.

The brokerage firm said that Venus Pipes upgraded its FY26 revenue growth guidance to 25 per cent from 20 per cent, reflecting increased confidence in execution.

"The revision is backed by a healthy INR5.6bn order book, including an INR1.9bn order from a leading Indian power equipment manufacturer, ...