Buy AIA Engineering; target of Rs 1562: ICICI Direct
ICICI Direct is bullish on AIA Engineering has recommended buy rating on the stock with a target price of Rs 1562 in its research report dated February 14, 2017.
ICICI Direct's research report on AIA Engineering
Given, AIA is on the verge of becoming the largest HCMI player globally, the company is making strides in the right direction. A strong market position, pristine balance sheet and a management with foresight make it a portfolio stock. We further upgrade our target price to Rs 1562/share (30xFY18E EPS) and maintain BUY recommendation.
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