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AIA ENG Bullish /Out Performer |
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Saturday, 17 March 2007 |
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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.
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. Considering the management track record and a healthy Order Book we go for a strong Buy for this stock. Key Financial Data More Information More Statistics For more information on this stock Search with Google Contributed By : Bull
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