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Zydus Wellness shares jump after IIFL Capital initiates coverage

Zydus Wellness Ltd shares gained over 9% on Monday, Sept. 7, after IIFL Capital initiated coverage with a buy rating and a target price of ₹650.

ZYDUSWELL

Shares of Zydus Wellness Ltd. rose over 9% on Monday, September 7, after brokerage firm IIFL Capital began coverage of the stock. IIFL Capital assigned a "buy" rating and a target price of ₹650 per share. The stock was also the top gainer on the Nifty 500 index.