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Buy Hindustan Construction Company, target Rs 42: Manas Jaiswal

Buy Hindustan Construction Company at a price target of Rs 42 and a stop loss at Rs 36 from entry point.

Last Updated: Sep 15, 2017, 08.38 AM IST
Manas Jaiswal of manasjaiswal.com has a buy call on Hindustan Construction Company with a target price of Rs 42.

The current market price of Hindustan Construction Company is Rs 38.55.

Time period given by analyst is intraday when Hindustan Construction Company price can reach defined target.

Manas Jaiswal recommended to keep stoploss at Rs 36.

Hindustan Construction Company, incorporated in the year 1926, is a Mid Cap company (having a market cap of Rs 3896.26 Crore) operating in Construction sector.

Hindustan Construction Company key Products/Revenue Segments include Contract Revenue which contributed Rs 3699.52 Crore to Sales Value (88.16 per cent of Total Sales), Other Operating Revenue which contributed Rs 479.10 Crore to Sales Value (11.41 per cent of Total Sales) and Sale of Products which contributed Rs 17.32 Crore to Sales Value (0.41 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 930.66 Crore, down 31.48 per cent from last quarter Sales of Rs 1358.27 Crore and up 3.48 per cent from last year same quarter Sales of Rs 899.32 Crore.

Company has reported net profit after tax of Rs 14.52 Crore in latest quarter.

The company’s top management includes Dr.Omkar Goswami, Mr.Ajit Gulabchand, Mr.Anil C Singhvi, Mr.Arjun Dhawan, Mr.N R Acharyulu, Mr.Rajas R Doshi, Mr.Ram P Gandhi, Mr.Sharad M Kulkarni, Ms.Harsha Bangari, Ms.Shalaka Gulabchand Dhawan.

Company has Walker, Chandiok & Co.LLP as its auditors.

As on 30-06-2017, the company has a total of 1,010,703,635 shares outstanding.

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