BUZZ — India's Wakefit Innovations rises as Axis Capital initiates with 'buy'

* Shares of India's Wakefit Innovations rise as much as 5.8% to 141 rupees * Axis Capital initiates coverage with "buy" rating and TP of 200 rupees, implying about 50% upside from brokerage's reference price of 133 rupees * Brokerage expects company to benefit from growing demand for home furnishings, expansion of organised retail and its diversified portfolio spanning mattresses, furniture and decor * Forecasts revenue CAGR of about 18% and EBITDA CAGR of 30% over FY26-FY29, driven by store additions, category expansion and improving sales mix * Flags intense competition, raw material price volatility and execution of large-format stores as key risks * Says company's strong net-cash position provides flexibility to fund expansion, while improving cash generation should support growth * YTD, Wakefit stock down 26.65% (Reporting by Surbhi Misra in Bengaluru) ((Surbhi.Misra@thomsonreuters.com | X: |;)