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ICICI Direct has buy call on Techno Electric & Engineering Company with a target price of Rs 405. The current market price of Techno Electric & Engineering Company Ltd. is Rs 298.7. Time period given by analyst is one year when Techno Electric & Engineering Company Ltd. price can reach defined target.
Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3352.25 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 223.14 Crore, down -13.74 % from last quarter Total Income of Rs 258.68 Crore and up 84.05 % from last year same quarter Total Income of Rs 121.24 Crore. Company reported net profit after tax of Rs 12.73 Crore in latest quarter.
Investment Rationale
The brokerage foresees entry into data centre, efficient utilisation of wind power in data centre as a positive trigger for the stock.
Promoter/FII Holdings
Promoters held 60.2 per cent stake in the company as of June 30, 2021, while FIIs held 1 per cent, DIIs 32.1 per cent and public and others 6.7 per cent.
Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3352.25 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 223.14 Crore, down -13.74 % from last quarter Total Income of Rs 258.68 Crore and up 84.05 % from last year same quarter Total Income of Rs 121.24 Crore. Company reported net profit after tax of Rs 12.73 Crore in latest quarter.
Investment Rationale
The brokerage foresees entry into data centre, efficient utilisation of wind power in data centre as a positive trigger for the stock.
Promoter/FII Holdings
Promoters held 60.2 per cent stake in the company as of June 30, 2021, while FIIs held 1 per cent, DIIs 32.1 per cent and public and others 6.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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