Jefferies Initiates Coverage on Turtlemint Fintech with 'Buy' Rating

Can Turtlemint Fintech shares rally to Rs 190? Why Jefferies initiated coverage on the stock

Jefferies has initiated coverage on Turtlemint Fintech Solutions with a Buy rating and a target price of Rs 190, implying 37% upside. The brokerage expects revenue to grow at a 38% CAGR over three years, driven by higher premiums and take-rates.