Moneycontrol PRO
HomeNewsBusinessStocksBuy HG Infra Engineering; target of Rs 765: ICICI Direct

Buy HG Infra Engineering; target of Rs 765: ICICI Direct

ICICI Direct is bullish on HG Infra Engineering has recommended buy rating on the stock with a target price of Rs 765 in its research report dated August 04, 2022.

August 06, 2022 / 10:00 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    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 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 765.

    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.

    H. G. Infra Engineering - 040822 -ic

    Broker Research
    first published: Aug 6, 2022 10:00 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347