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Buy HG Infra Engineering; target of Rs 735: ICICI Direct

ICICI Direct is bullish on HG Infra Engineering has recommended buy rating on the stock with a target price of Rs 735 in its research report dated May 26, 2022.

May 30, 2022 / 07:15 PM IST
 
 
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ICICI Direct's research report on HG Infra Engineering


HG Infra Engineering is a Jaipur (Rajasthan) based infrastructure company with primary focus on roads and allied sectors. Additionally, the company is actively looking to diversify itself by targeting the railways, airport and water infra segments. Reported 27.9% revenue CAGR during FY17-22; operating margin improved from 14.9% in FY17 to 16.2% in FY22 • Prudent management, lean balance sheet position, superior return ratios.



Outlook


We maintain BUY rating on the company. We value HG Infra at a target price of Rs 735.


For all recommendations report, click here

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first published: May 30, 2022 07:15 pm