HG INFRA
Valuations of some infra stocks at 2006-2008 high levels
After the blistering rally in 2004-2008, most of these stocks started crashing in January 2008 triggered by the Global Financial Crisis (GFC). The recovery in infrastructure and construction-related stocks began only in 2020-2021 though many of them are still far away from their 2007-08 peaks.
Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
Be selective in FMCG stocks, in infrastructure, wait for dips: Gurmeet Chadha
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.
Stocks in news: SBI, Asian Paints, BPCL, L&T, Bajaj Consumer, WPIL
TVS Motor recorded its highest ever revenue and profit in FY2023-24 and the company achieved a milestone of over 40 lakh units in sales.
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Tailwinds of coordination between central and state governments: 7 companies from road construction and infrastructure sector
While government policy impacts every sector in one way or another, there are some sectors where government policy is the most important factor both for growth and survival. Why it is important, because all of the spending in that sector is done by the government, it could be central or the state government. At first, it was the central government, but if one looks at how important it has become for gaining political capital, every state government has been focusing on road and highway construction. The impact of a coordinated effort between state and central government is that the lead time for the construction of roads comes down very sharply. This has a positive impact on the bottomline of the companies, right from lower requirement of working capital to higher turnover in terms of companies being able to securitize their assets to other players or private equity funds and move on to take on other projects leading to higher growth in bottomline.
HG Infra Engineering shares climb over 5% on winning Rs 1,026 crore order
The projects will be implemented by a separate entity(ies) incorporated/to be incorporated by Stockwell Solar Services Private Limited and HG Infra Engineering directly or through its subsidiaries.
Sensex, Nifty off to a muted start ahead of key US inflation data
From the Sensex stocks, Tata Steel, Power Grid, Tata Motors, Tech Mahindra, and JSW Steel opened with cuts, while UltraTech Cement, Bajaj Finance, Bharti Airtel, and ITC opened with gains.
Stocks in news: SMS Pharma, Patel Engineering, Vedanta, HG Infra, SJVN
Patel Engineering, in collaboration with its joint venture partner, has been awarded the letter of acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs 525.36 crore.
Buy HG Infra Engineering, target price Rs 995: Axis Securities
HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2023.
Fri-yay! Nifty hits fresh record high powered by rally in IT stocks
Indian equity indices treaded higher led by banking and IT stocks. Infosys and TCS were the top gainers, along with Wipro, Tech Mahindra, HCL Tech, and UltraTech Cement. On the other hand, M&M, Asian Paints, Bharti Airtel, HUL, and Power Grid opened lower. According to experts, the resilience in IT stocks and strength in Reliance will consolidate Nifty around 21600 levels. The US CPI inflation rising to 3.4% may delay the expected rate cut by the Fed in March, along with the rate cut by the MPC.
Awarding of road projects remains weak in the first nine months of FY24
December was the third month after April and May where not a single project was awarded. Given the sluggish trend, analysts expect that NHAI may fall short of achieving the target of awarding 6,000 km for FY24. In such a case, FY24 may be the second consecutive fiscal year to show a drop in projects awarding. In FY23, NHAI awarded 6003 km of road projects, a year-on-year fall of 4.8%.
Buy HG Infra Engineering, target price Rs 935: Axis Securities
HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 5585.16 Crore) operating in Infrastructure sector.
Buy HG Infra Engineering, target price Rs 1090: Axis Secruities
HG Infra Engineering Ltd. key Products/Revenue Segments include Contract Revenue, Sale of services and Scrap for the year ending 31-Mar-2023.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Sensex rises marginally on gains in bank stocks; Nifty above 19,750
From the Sensex pack, NTPC, Tech Mahindra, Tata Motors, Bharti Airtel, and UltraTech Cement opened with gains, while Power Grid, Maruti, Bajaj Finserv, Sun Pharma, HUL and HCL Tech opened with cuts.
KKR InvIT acquires Macquarie's 4 road assets for ₹3,000 cr
Macquarie Asia Infrastructure Fund owns a 56.8% stake in GRICL, while IL&FS holds 26.8% and the balance stake is with the Gujarat government. GRICL's toll roads are in Gujarat. The Ahmedabad to Mehsana stretch on SH-41 spans 51.6 kms. The second road asset of 31.7 kms from Vadodara to Halol on SH-87 is on the Delhi-Mumbai Industrial Corridor.
Sunil Singhania-owned Abakkus Fund trims stake in 7 stocks in Q1
Sunil Singhania's Abakkus Emerging Opportunities Fund trimmed its stake in 8 stocks during the last quarter, Trendlyne data shows. Among these, he likely exited one stock as his shareholding fell below 1% during the June quarter. Take a look!
Buy HG Infra Engineering, target price Rs 1150: ICICI Direct
Additionally, strong return ratios, healthy working capital cycle and asset monetisation remains key positive.
KKR’s roads InvIT to raise Rs 515 crore through rights issue
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, plans to raise INR 515 crore ($68.3m) via a rights issue. The investment vehicle comprises six road assets with more than 450 km in total length across six Indian states and is in the process of acquiring four hybrid annuity projects
Buy HG Infra Engineering, target price Rs 1130: Emkay Global Financial Services
HG Infra Engineering, incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 5706.38 Crore) operating in Infrastructure sector.
KKR unit plans to buy road assets from PNC for $1 billion
Private equity firm KKR's Highways Infrastructure Trust is in talks to buy a 12-road project portfolio from construction firm PNC Infratech for an enterprise value of $1.1bn. The deal would see KKR acquire 11 HAM roads and one BOT road located across the Indian states of Uttar Pradesh, Madhya Pradesh and Rajasthan. Seven of the 12 road projects are already operational, while the others are expected to become so within the next three to four months.
Stocks in news: SBI, Godrej Consumer, Inox Wind, SBI Cards, IndiGo
The Board of SBI will meet on June 9 to consider and approve for raising funds during FY24 through private placement mode by way of issuance of debt instruments.
Buy HG Infra Engineering, target price Rs 1140: ICICI Direct
HG Infra Engineering, incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 5982.38 Crore) operating in Infrastructure sector.
Buy HG Infra Engineering, target price Rs 1202: Yes Securities
Buy HG Infra Engineering at a price target of Rs 1202.
Big Movers on D-St: What should investors do with ITC, Anupam Rasayan & HG Infra which hit 52-week highs?
The Indian markets ended in the red on Monday as the Sensex fell more than 500 points. While public sector, oil & gas, FMCG, energy, and realty stocks witnessed buying, IT, telecom, and healthcare stocks faced selling pressure. Three stocks that were in focus include ITC, Anupam Rasayan, and HG Infra Engineering. Technical and Derivative Research Analyst at Reliance Securities, Jatin Gohil, recommends investors to buy ITC on dips, initiate a long position in HG Infra on dips, and sell some shares of Anupam Rasayan as the stock is near its supply zone.
Buy HG Infra Engineering, target price Rs 820: Emkay Global
HG Infra Engineering Ltd., incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 3721.60 Crore) operating in Infrastructure sector.
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