Buy HG Infra Engineering, target price Rs 1090: Axis Secruities
HG Infra Engineering with a target price of Rs 1090. The current market price of HG Infra Engineering Ltd.
is Rs 863.
HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 5643.49 Crore) operating in Infrastructure sector.
HG Infra Engineering Ltd.
key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 30-09-2023, the company has reported a Consolidated Total Income of Rs 957.67 Crore, down -29.40 % from last quarter Total Income of Rs 1356.54 Crore and up 19.74 % from last year same quarter Total Income of Rs 799.80 Crore.
Company reported net profit after tax of Rs 96.16 Crore in latest quarter.
Promoter/FII Holdings Promoters held 74.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 1.67 per cent, DIIs 13.05 per cent.
