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Last Updated : Apr 16, 2019 03:46 PM IST | Source: Moneycontrol.com

Buy AIA Engineering; target of Rs 2218: Anand Rathi

Anand Rathi is bullish on AIA Engineering has recommended buy rating on the stock with a target price of Rs 2218 in its research report dated April 15, 2019.

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Anand Rathi's research report on AIA Engineering


Customers added in the gold, copper and platinum sectors should lead to healthy volume growth for AIA Engineering. A call with an expert affirms stirring prospects for the company in the long term in mining-grinding media. The higher entry barrier (technological advances) and deeper penetration are likely to keep good volume growth at least for the next five years.


Outlook


We expect earnings to clock a 21% CAGR over FY18-21. Thus, we retain our Buy rating, with our target price of `2,218, at 27xFY21e earnings.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Apr 16, 2019 03:46 pm
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