Posts tagged HG Infra
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| Buy HG Infra for target price of Rs 1013. Execution pick-up will drive further rerating: HDFC Sec | |
| Company: | HG Infra |
| Brokerage: | HDFC Sec |
| Date of report: | November 11, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 87% |
| Summary: | The company plans to monetise four HAM projects at a ~40% premium to book value of INR 3.5bn invested equity by Mar’23. Given robust order inflow and strong execution, we maintain BUY, with an increased TP of INR 1,013 (14x Sep-24E EPS) to factor in a higher level of execution and better EBITDA margin |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | HDFC Sec |