Prakash Diwan, Networth Stock Broking is of the view that Techno Electric has target of Rs 245.
Diwan told CNBC-TV18, "Techno Electric has uniquely blended its EPC business with the Wind Energy business and that is Techno Electric Engineering. Company originally was an EPC player, one of the most efficient EPC player that and one of the most efficient working capital cycle, very decent margins at the EBITDA level, the earnings have been a bit muted for the last quarter, but we expect going forward the wind energy business to yield significant results in this. Buy Techno Electric with a target price of Rs 245 and a stop of Rs 225."
