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HomeNEWSHG Infra stocks: Buy HG Infra Engineering, target price Rs 820: Emkay...

HG Infra stocks: Buy HG Infra Engineering, target price Rs 820: Emkay Global

Emkay Global has buy call on HG Infra Engineering with a target price of Rs 820. The current market price of is Rs 565.85. Time period given by analyst is one year when . price can reach defined target.

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3684.45 Crore) operating in Infrastructure sector.

HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1109.26 Crore, up 3.94 % from last quarter Total Income of Rs 1067.26 Crore and up 17.42 % from last year same quarter Total Income of Rs 944.73 Crore. Company reported net profit after tax of Rs 109.28 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 30-Jun-2022, while FIIs owned 0.58 per cent, DIIs 14.16 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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