Q1 Results Review: Axis Securities maintains ’buy’ call on Man Infraconstruction, sees over 27% upside – here’s why

Q1 Results Review: Axis Securities maintains ’buy’ call on Man Infraconstruction, sees over 27% upside – here’s why

Despite a decline in June quarter results, Axis Securities has maintained its ‘BUY’ recommendation for Man Infraconstruction Ltd (MICL), setting a target price of ₹240 per share, which implies an upside of over 27 percent. The brokerage remains optimistic about the company’s long-term growth prospects. On Friday, the stock increased by 3.37 percent, closing at … Read more

Why are infra and capital-goods stocks still in demand despite premium valuations?

Why are infra and capital-goods stocks still in demand despite premium valuations?

A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its earnings per share, so a … Read more