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.



Recently stock had hit 4542.

๐Ÿ‘‰Stock had Been in ASM also & had given chance to Add at lower levels.

๐Ÿ‘‰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

๐Ÿ‘‰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.

๐Ÿ‘‰We have revised target 5500/7100

๐Ÿ‘‰TF -12 To 24 months.

๐Ÿ‘‰ Stock had decent run up recently one can wait for correction to add Stock at lower levels.

๐Ÿ‘‰All Views expressed are for Study purpose only. Consult your financial advisor before investing.

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