With recent correction, HG is trading at 9.3x core EPC 20E EPS (vs avg. road EPC peers in our coverage universe – 7.3x). At CMP, it is down ~36% from its all time high and 16% from IPO price. We maintain BUY with a TP of 386 (ascribing 15x to Core EPC FY20 earnings).
Disclaimer: The views and stock ideas expressed by members on stockadda.com are their own, and not that of the website or its management.The views and stock ideas are for informational purposes only and should not be construed to be recommendations to buy or sell any securities.Stockadda.com advises members to check & consult with certified experts before taking any investment decisions.
452 members logged in