CS Industrial Services LLC will act as an exclusive dealer / distributor for Elgi Compressors USA Inc, for sale of ELGi branded compressors in Western New York region.

Elgi Equipments announces acquisition of minority stake in CS Industrial Services

Brokerage firm ICICIdirect has a “Buy” rating for the stock with a target price of Rs 500.

Elgi Equipments gains after US arm inks deal to buy into CS Industrial Services

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Elgi Equipments’ US arm to acquire minority stake in CS Industrial Services LLC, USA

Today’s Pick: Elgi Equipments (₹448.85): BUY

ICICI Direct is bullish on Elgi Equipments recommended buy rating on the stock with a target price of Rs 500 in its research report dated February 07, 2023.

Buy Elgi Equipments; target of Rs 500: ICICI Direct

Elgi Equipments Ltd has added 2.34% over last one month compared to 2.7% gain in S&P BSE Capital Goods index and 1.02% rise in the SENSEX

Elgi Equipments Ltd Surges 1.9%

Elgi Equipments reports consolidated PAT of Rs 80.1 crore for Q3

Elgi Equipments standalone net profit rises 62.87% in the December 2022 quarter

Mirza International Ltd, Navin Fluorine International Ltd, D B Realty Ltd and Elgi Equipments Ltd are among the other gainers in the BSE’s ‘A’ group today, 12 January 2023.

National Standard (India) Ltd leads gainers in ‘A’ group

ICICI Direct recommended hold rating on Elgi Equipments with a target price of Rs 520 in its research report dated November 08, 2022.

Hold Elgi Equipments; target of Rs 520: ICICI Direct

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Elgi Equipments is an air compressor manufacturer. Its's products have application across various industries like food processing, pharmaceutical, automotive garages etc.

Elgi Equipments Ltd