Buy HG Infra Engineering, target price Rs 995: Axis Securities

Axis Securities has buy call on HG Infra Engineering with a target price of Rs 995. The current market price of HG Infra Engineering is Rs 901.9.

HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 5861.16 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-2023.



Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 1368.39 Crore, up 42.89 % from last quarter Total Income of Rs 957.67 Crore and up 15.09 % from last year same quarter Total Income of Rs 1188.98 Crore. Company has reported net profit after tax of Rs 101.98 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.53 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.56 per cent, DIIs 12.45 per cent.