HEG – Robust Growth Seen in FY19 -FY20

We had Reco HEG @ 3185 On 30th March

Stock has already given 45% Returns in just 4 months.

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https://wealthcreatures.com/2018/03/30/heg-chinese-crackdown-on-polluting-industries-a-bless/

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.