Weekly Shorts : Analysis of HG Infra Engineering

Current Market Price : INR 360.60

HG Infra Engineering is one of the most stable and consistently well performing stocks in the construction and infrastructure sector. With a current P/E of 11.56 in comparison to the sector P/E of 23.65 and a P/B ratio of 2.58, its current share price is far below its real value with a three year CAGR growth rate of 23.3% revenue, 41.1% net profit and 31.7% operating profit, HG Infra has provided outstanding financial results for the past 3 years.

Side note: with promoters also increasing shareholdings by a considerable margin and a delivery percentage of 44.2% of Friday, June 4, 2021, the share price of HG Infra Engineering can easily double by the end of the year.

Our Stance : BUY (aggressive buying – relatively safe share)

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