Engineers India has target price of Rs 300, says Jagannadham Thununguntla of SMC Global.
Thununguntla told CNBC-TV18, "Engineers India has a day target price of Rs 300. The stock was under some pressure after the FPO but a quality PSU and with lot of engineering experience and lots of order book but after its FPO continuously the stock traded below the issue price."
He further added, "Now the stock has again come back to its original issue price. There is a reason to believe that even in one year it can reach about Rs 360 levels."
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