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Buy The Anup Engineering; target of Rs 1070: ICICI Direct

ICICI Direct is bullish on The Anup Engineering has recommended buy rating on the stock with a target price of Rs 1070 in its research report dated May 18, 2022.

May 19, 2022 / 12:40 PM IST
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ICICI Direct's research report on The Anup Engineering

Anup Engineering is one of the leading process equipment manufacturers with special focus on heat exchangers. The company has a facility in Odhav, Gujarat and is currently in the process of making a greenfield expansion in Kheda • The company aims to achieve a topline target of Rs 1000 crore by 2026.


We maintain BUY rating on the stock. We value Anup at Rs 1070 i.e. 15x P/E on FY24E EPS.

For all recommendations report, click here

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Broker Research
first published: May 19, 2022 12:40 pm