1050.8000 -9.50 (-0.90%)
NSE Jul 08, 2025 15:31 PM
Volume: 98,220
 

1050.80
-0.90%
HDFC Securities
We maintain BUY with a TP of 386 (ascribing 15x to Core EPC FY20 earnings). We interacted with HG Infra management, Mr. Harendra Singh, MD, Mr. Rajadutta, COO and other senior members of team. Discussion centered on outlook, strategy and vision amidst the sectoral concerns regarding project funding, land acquisition, pace of future tendering and political uncertainty. We also visited 2 key ongoing projects (continuous stretches): Chittorgarh-Udaipur (with Tata Projects, Rs 4.8bn) and Gulabpura-Chittorgarh (with IRB, Rs 7.1bn).
HG Infra Engineering.. has an average target of 1632.00 from 6 brokers.
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