has buy call on AIA Engineering with a target price of Rs 2150. The current market price of is Rs 2047.95.
AIA Engineering Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 19361.14 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 748.08 Crore, down -2.48 % from last quarter Total Income of Rs 767.09 Crore and up 1.08 % from last year same quarter Total Income of Rs 740.07 Crore. Company reported net profit after tax of Rs 159.80 Crore in latest quarter.
Investment Rationale
Stock has given a bullish double bottom breakout on the daily chart
Promoter/FII Holdings
Promoters held 58.5 per cent stake in the company as of Sept 30, 2020, while FIIs held 20.8 per cent, DIIs 17.8 per cent and public and others 2.9 per cent.
