Monday, 28 August 2017

HEG Technical Research Calls for Positional Investment ( 28 Aug 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in HEG.

HEG is the stock which I would advocate traders to buy this stock in a range of 604-606 with a price target of 622 and stop loss placed below 584.

We believe the benefit of increased prices will flow in by H2FY18 and FY19E. We expect HEG to capitalize on the favourable demand supply dynamics and report robust earnings growth led by volume increase and improved pricing. Further, on account of higher operating leverage, EBITDA margins are likely to increase sharply from current levels.

HEG were closed 13.74 per cent up today at Rs 595.30 on NSE.



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