We had Reco HEG @ 3185 On 30th March
Stock has already given 45% Returns in just 4 months.
Recently stock had hit 4542.
👉Stock had Been in ASM also & had given chance to Add at lower levels.
👉HEG reported strong Q1 numbers which were driven by higher realisation of US$14,333 per ton vs US $12,500 EBITDA per ton increased by 23% QoQ to US$10,730 per ton
👉Based On recent Earning we have upgraded our FY19 Expected Eps – 600 ( earlier we had projected 323)
Currently Stock is Trading at 7 Times Fy19 Earning.
👉We have revised target 5500/7100
👉TF -12 To 24 months.
👉 Stock had decent run up recently one can wait for correction to add Stock at lower levels.
👉All Views expressed are for Study purpose only. Consult your financial advisor before investing.
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