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Last Updated : Nov 15, 2018 05:57 PM IST | Source:

Buy H G Infra Engineering; target of Rs 274: Anand Rathi

Anand Rathi is bullish on H G Infra Engineering has recommended buy rating on the stock with a target price of Rs 274 in its research report dated November 09, 2018.

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Anand Rathi's research report on H G Infra Engineering

A consistent grower, HG Infra has had a phenomenal run, rising from a ~`110m turnover in FY03 to ~`13.9bn in FY18, translating to strong CAGR growth. Even with increasing size, its revenue CAGR is impressive, with the past-five year revenue CAGR at ~26%, and ~19% anticipated for FY18-20. With the sturdy assurance of its ~`49bn order book, no dearth of opportunities, strong fundamentals and manageable debt, it seems all set to position itself as the go-to growth company in road infrastructure.


We, hereby, initiate coverage, with a Buy and a TP of `274.

For all recommendations report, click here

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First Published on Nov 15, 2018 05:57 pm
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