Smartworks Stock: 'Buy' Rating & 19% Upside Predicted by Kotak Equities

• Kotak Institutional Equities initiated coverage on Smartworks Coworking Spaces Ltd. with a 'Buy' rating and a ₹600 price target, suggesting a 19% upside.
• All five analysts tracking Smartworks currently hold a 'Buy' rating on the stock.
• Smartworks is India's leading flexible workspace operator, with an operational footprint of 9.1 million sq ft, projected to grow to 14.5 million sq ft by FY28E.
• The company expects 38% EBITDA CAGR over FY25-28E, driven by expansion and margin improvement.
• Smartworks is developing the Eastbridge campus in Vikhroli, an 8.1 lakh sq ft facility expected to be the world's largest managed office campus, operational by mid-to-end 2026.

Why It Matters: Analysts see strong growth potential for Smartworks, driven by market leadership and expansion plans.