Friday, November 15, 2019

HG Infra Share Price Target by Brokerage Houses

HG Infra Engineering Ltd  (HGIEL) is a construction company based in Rajasthan incorporated in 2003. The company is promoted by Shri Hodal Singh. He has 40 years of experience in the construction sector. Their prime focus of construction is Roads, Highways, and Bridges. HG Infra has its presence in six states Rajasthan, Haryana, Uttar Pradesh, Maharashtra, Uttarakhand and, Arunachal Pradesh.

In the last few months stock declined over 35% and made a 52 week low of 170 from a 52 week high of 307. As mentioned in the MoneyControl, with infra in focus the HG Infra share can reach a new high in the coming months. The stock can give a double return in a year of time as per the reports.

Reported in Moneycontrol - HG has Rs 6,270 crore of order bac.klog of which Rs 3,200 crore is yet to move into execution (2 hybrid annuity model (HAM) projects and 2 EPC packages).

The HG Infra stock was listed on March 9, 2018, in the secondary market. The IPO price was 263-270 rupees and listed flat on indices. The IPO was subscribed 4.98 times overall. The stock reached a new high in April 2019 but it was hammered in the last few months.

HG Infra reported 60.4% YOY growth in its 2nd quarter profit at Rs 40.88 crore. The revenues grew by 11.6% YOY to Rs 479.35 crore.

As per the brokerage houses, the HG Infra share target is around 350 levels. Anand Rathi, Yes Securities, HDFC Securities, and Reliance Securities shared their target for the stock. Check below the list of brokerage houses that gave the HG Infra stock target price in the coming months.
Brokerage Houses
Share Target Price
Anand Rathi
Rs 377
Yes Securities
Rs 349
 HDFC Securities
Rs 441
Reliance Securities
Rs 360

Check out the HG Infra live price quote on NSE & BSE.

Source: MoneyControl (Read the Original Article Here)

Note: Take your own decisions to buy or sell the stock. We do not guarantee any stock price tips. The above-given stock tips are given by brokerage houses which are not in our control.