Attractive valuation makes Sunil Hitech a good buy: Sharekhan

Hemang Jani, Senior Vice President, Sharekhan in an interview to ET Now said that in case of Sunil Hitech, they are into balance of planned construction equipments and what we feel is that looking at the kind of money, which is coming into power sector, most of the projects are getting delayed because this company is sitting on a three times order book of current year's sales and doing an operating profit margin of 11% and available at a PE of about 6.57.

What do you like in Gayatri Projects and Sunil Hitech? Are they doing BOT? Are they doing pure infrastructure? What specifically do you like in these two infrastructure players?

In case of Sunil Hitech, they are into balance of planned construction equipments and what we feel is that looking at the kind of money, which is coming into power sector, most of the projects are getting delayed because this balance of planned part is not properly taken care of and this company is sitting on a three times order book of current year's sales and doing an operating profit margin of 11% and available at a PE of about 6.57, so with this kind of a revenue visibility, decent operating profit margin and a very attractive valuation makes it a good attractive buy at this point of time.