AIA ENG BSE Code : 532683 Current Market Price Rs 1160 Target Price Rs 1400 + Six to Twelve Months
 The company manufactures power saving products, which are called mill internals. These products are used in sectors like cement, steel and mining.

• Excellent Past results good management
• Consistent Growth in sales and profits.
• Company expected to double their manufacturting  capacity by next year.
• Budget moves were positive for this sector

• The stock is trading at a PE of 19.5 and 14.4 on  FY 08 Earnings  and FY 09 Earnings per share  of INR 70.9 and 95.9, respectively.
• Strong and a very healthy Order Book. 
• Considering the vast opportunities for the company and the growth foreseeable from the cement, mining and power generation industry, we reccomend a Strong Buy for this stock.

Sector Buyoancy ::

The engineering sector is the largest segment of the overall Indian industrial sector. India has a strong engineering and capital goods base, recent governament moves are quite favourable for this sector.

Conclusion ::

Considering the management track record and a healthy Order Book we go for a strong Buy for this stock. 

Key Financial Data

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Contributed By : Bull

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