Buy The Anup Engineering; target of Rs 1265: ICICI Direct

ICICI Direct is bullish on The Anup Engineering has recommended buy rating on the stock with a target price of Rs 1265 in its research report dated July 28, 2021.

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ICICI Direct’s research report on The Anup Engineering

Anup Engineering is one of the leading process equipment manufacturers with special focus on heat exchangers. The company has a facility in Odhav, Gujarat and is currently in the process of making a greenfield expansion in Kheda The company aims to achieve a topline target of Rs 1000 crore by 2025

Outlook

We revise our rating from HOLD to BUY on the stock. We value Anup at Rs 1265 i.e. 18x P/E on FY23E EPS.

For all recommendations report, click here

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