Buy Suprajit Engineering; target of Rs 728: Sharekhan

Sharekhan is bullish on Suprajit Engineering has recommended buy rating on the stock with a target price of Rs 728 in its research report dated August 16, 2024.

Broker Research

August 20, 2024 / 13:43 IST

BUY

Sharekhan's research report on Suprajit Engineering

Suprajit Engineering Limited’s results were below estimates on subdued performance in the international market. The company has announced a buyback of up to 15 lakh shares at Rs. 750/share. The stock trades at a P/E multiple of 29x and EV/EBITDA multiple of 16.4x its FY2026 estimates.

Outlook

We maintain our BUY rating on the stock with a revised PT of Rs. 728 on its long-term growth prospects with healthy traction in the automotive business, continued order wins, and expected revival in the non-auto business.

For all recommendations report, click here

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Suprajit Engineering_20082024_Sharekhan

Broker Research

first published: Aug 20, 2024 01:43 pm

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