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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