LKP Securities Bullish On This Small Cap Capital Goods Stock, Suggest Buy For 43% Upside

LKP Securities is bullish on Schneider Electric Infrastructure Ltd, a midcap Capital Goods sector stock. The brokerage recommends Buy the stock with a target price of Rs 245 apiece. The brokerage sees a potential upside of up to 43% from its current market price. The company is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for the electricity network. It has a market capitalisation of Rs 4,101.83 crore. Check below to know more:

Schneider Electric Infrastructure's Stock outlook & Returns

The last traded share price of Schneider Electric Infrastructure on NSE is Rs 171.55 apiece. Stock jumped 2.36% as compared to its previous close. It recorded the 52 week low on 16 January 2022 at Rs 209.90 apiece and 52 week low on 20 June 2022 at Rs 91.70 apiece, respectively.

The stock surged 5.47% in the last one week, whereas it has fallen 11.82% in the last one month. It gave a robust 45.44% return in the past 1 year. In the past 3 years, it gave massive 71.12% positive returns. In the past 5 years, it gave 54.13% positive return.

 

LKP Securities Recommends "Buy" stock For a Target Price of Rs 245/share

The brokerage said, "Business momentum remains positive across its traditional and emerging businesses and we expect this to continue as core data improves which reflects on the overall business it operates in with adequate digitalization opportunities and positive outlook ahead. Recent Budget too highlights impetus to growth of SEIL key segments. Further, company's performance has been consistent for FY22 and 9MFY23 wherein execution have remained strong after a long hiatus and expect it to continue with strong order book and pipeline ahead. Overall company remains optimistic with support from the government in the form of investment, reforms and policies. Considering the 9MFY23 performance we have tweaked our estimates accordingly and remain positive ahead. Hence, we maintain BUY with a revised TP of ₹245 as we roll forward our estimates to FY25E."

 

Disclaimer

The stock has been picked from the brokerage report of LKP Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.