Techno Electric Q1 Results Review - Robust Performance; Downgrade To ‘Add’: ICICI Securities

ICICI Direct is bullish on Techno Electric and Engineering recommended buy rating on the stock with a target price of Rs 480 in its research report dated June 02, 2023.

Buy Techno Electric and Engineering; target of Rs 480: ICICI Direct

We expect revenue, Ebitda to grow at a CAGR of ~50.1%, 54.6%, respectively, in FY23-25E.

Techno Electric Q4 Results Review - Healthy Growth Outlook: ICICI Direct

Techno Electric Consolidated March 2023 Net Sales at Rs 312.97 crore, up 1.76% Y-o-Y

Stocks In Focus: UltraTech, ONGC, Techno Electric, Aurobindo Pharma & More | BQ Prime #ONGC to invest Rs 1 lakh crore in energy transmission for 2038 net-zero targets.ICICI Direct’s Pankaj Pandey shares his view and the other top stocks in trade today.

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The management expects growth momentum of business as well as execution to continue for the coming three years.

Techno Electric surges 9% on healthy growth outlook

Techno Electric share price: At today’s day low of Rs 305.85, the stock traded 21.78 per cent lower from its 52-week high of Rs 391, hit on February 10, 2023. That said, it has gained 38.39 per cent from its one-year low of Rs 221, touched on February 24 last year.

Techno Electric & Engineering Company shares dive 18% after Q3 results

EKI Energy Services Ltd, Jindal Poly Films Ltd, Techno Electric & Engineering Company Ltd and Uflex Ltd are among the other losers in the BSE’s ‘A’ group today, 15 February 2023.

Kitex Garments Ltd leads losers in ‘A’ group

Techno Electric and Engineering Company jumped 3.33% to Rs 372.10 after the company disposed off 37.50 megawatts (MW) of its wind power assets out of 111.90 MW situated in Tamilnadu at an approximate consideration of Rs 158.93 crore.

Techno Electric gains on selling wind power assets for Rs 159 cr

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Stocks that will see action on February 9, 2023

Broker’s Call: Techno Electric (Buy)

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

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

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Techno Electric & Engineering Company Limited is a provider of engineering, procurement and construction (EPC) services to core sector industries in India.