Techno Electric & Engineering Company Ltd
TECHNO

369.50

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369.50

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Buy
Reco. Price
Rs 369.00
We recommend buy on the stock on account of strong revenue visibility. This will be supported by huge capex plans of Power Grid (PGCIL) and NTPC in the power sector. Further, the healthy order book is the key earning trigger. The stock is trading at a PE of 11x in FY17E. (Target Price- Rs.410)
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50 DMA (.)
337.09
100 DMA (.)
320.45
200 DMA (.)
308.94
Weekly Range (.)
365.10
379.05
Monthly Range (.)
340.25
384.00
52 Weeks Range (.)
210.00
384.00
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