Buy AIA Engineering; target of Rs 1180: Kotak Securities

Kotak Securities is bullish on AIA Engineering and has recommended buy rating on the stock with a target of Rs 1180 in its November 11, 2014 research report.

November 13, 2014 / 15:42 IST

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Kotak Securities research report on AIA Engineering“AIA reported Q2FY15 results in line with our estimates on revenue as well as profitability front. Higher operating margin and other income led to PAT higher than our estimates. Margins expanded YoY in the quarter on back of favourable product mix and currency movement. We remain positive on company's business and expect volume pick up in mining segment. We maintain our 'BUY' recommendation with an unchanged target price of Rs 1180 on company's stock,” says Kotak Securities research report.

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first published: Nov 13, 2014 03:42 pm

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