Buy HG Infra Engineering, target price Rs 980: HDFC Securities

HDFC Securities has buy call on HG Infra Engineering with a target price of Rs 980. The current market price of HG Infra Engineering is Rs 573. Time period given by analyst is one year when HG Infra Engineering Ltd. 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 3749.95 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.