Name: Latest research reports of AIA Engineering Ltd. authored by Asit C Mehta Investment Interrmediates and published by - Trendlyne research reports.
Item: AIA Engineering Ltd.
Rating: 5
Author: Asit C Mehta Investment Interrmediates

Riding on conversion opportunity in high-chrome Media

Buy: AIA Engineering Ltd.

Asit C Mehta Investment Interrmediates

We initiate coverage on AIA Engineering ltd with a “BUY” recommendation and a target price
of Rs 5,106/- per share. AIAE currently trades at 31X its EV/EBITDA Multiple. The company
holds a strong position in a duopoly market.