Moneycontrol PRO
Open App

Hold HEG; target of Rs 1400: ICICI Direct

ICICI Direct recommended hold rating on HEG with a target price of Rs 1400 in its research report dated August 18, 2022.

August 19, 2022 / 04:40 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on HEG


HEG is one of the leading graphite electrode manufacturers and exporters globally. HEG has a graphite electrode manufacturing plant of 80000 tonnes per annum at Mandideep in Madhya Pradesh • HEG has a captive power generation capacity of ~76.5 MW (two thermal power plants and one hydro power plant).



Outlook


Hence, we downgrade the stock from BUY to HOLD. We value HEG at Rs 1400, 6x FY24E EV/EBITDA.

Close

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.

HEG - 180822 - ic

Broker Research
first published: Aug 19, 2022 04:40 pm
Sections
ISO 27001 - BSI Assurance Mark