Buy Sadbhav Engineering, target Rs 460: Sharekhan

Sharekhan has a buy call on Sadbhav Engineering (SEL) with a target price of Rs 460.

The current market price of Sadbhav Engineering is Rs 395.80.

Time period given by the brokerage firm is a year when Sadbhav Engineering price can reach defined target.

"We have finetuned our earnings estimate for FY2018-2020 factoring a change in execution run-rate for FY2018 and improving operating margins for FY2020. We expect SEL to maintain strong execution momentum along with improvement in operating margins and overall cash flows during FY2018-FY2020. We maintain our Buy rating with revised SOTP based price target of Rs 460 (improving margin profile for FY2020)," Sharekhan said in a report.