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Stock Tips: WeWork India Management shares were listed in the stock market only last month. The stock has been under pressure since its listing and is currently trading below the IPO price. But, brokerage sees earning potential in this stock.
New Delhi. Brokerage confidence in the shares of WeWork India Management, a commercial service sector company that entered the stock market last month, has started increasing. First Jefferies advised investors to buy this stock, now ICICI Securities has also given it a ‘buy’ rating. The brokerage says that the stock may rise further due to the increasing demand for flexible workspace and the support of the company’s strong parent company. WeWork India shares closed at Rs 618.50 on Friday.
WeWork India’s shares were listed in the stock market last month at Rs 650. Its IPO price was Rs 648. Thus it was listed at a nominal premium of 0.31 percent. Currently it is trading below its IPO price. But, the brokerage feels that the price of this share will rise in future and investors will benefit.
WeWork India Share Target Price
ICICI Securities has initiated coverage on WeWork India Management with ‘BUY’ rating. The brokerage has given a target price of Rs 914 on the stock. In this way, the stock can give a return of 47 percent to investors. According to the brokerage, WeWork India can expand rapidly in the coming years due to its strong parentage and premium workspace model. According to the brokerage report, by September 2025, the company has 114,500 operational desks in an area of 7.7 million square feet. The total capacity including LOI is expected to increase to 144,800 seats. The special thing is that about 94% of the company’s desks are located in Grade-A properties, which further strengthens its identity in the premium segment.
According to the brokerage, the company’s same-store revenue per seat is expected to grow at about 4 percent during fiscal 2025-28, in line with broader trends in the flex workspace industry. The brokerage said that after FY 2024-25, if the company achieves any efficiency in pricing and rental costs, it could prove to be an upside risk to our margin estimate.
Jefferies also advised to buy
Earlier this week, Jefferies had also given a ‘Buy’ rating on WeWork India and a target price of ₹ 790. Jefferies believes the company could add 15,000–20,000 new seats over the next three years due to strong demand for office space and the growing adoption of flex workspaces. Its seat count in March 2025 was 109,600.
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