HG Infra has emerged as one of India’s fastest-growing construction companies, overcoming challenges and achieving unprecedented growth in the last five years.
Moving Range:
HG Infra stock was trading around 930-960 on NSE today. I closely watch this stock for 1 month. It makes a moving range of around 890 to 970. Once it goes down to 870
Possible trading range:
HG Infra is a good buy from 900-920 levels. It’s also good to accumulate from 930-940, You can take a profit of 40-50 points in the short term. Guess you bought 200 shares at 920 on average. You can book a profit of around 970 levels which is 200×50 = 10000
Getting new orders:
It’s been always a good sign for both the company and the Investors that the company receiving orders.
The company has been selected as the lowest bidder by the East Central Railway for an engineering, procurement and construction (EPC) project. The project is worth around ₹709 crore and is expected to be completed within 3 years. It has also received a Letter of Acceptance from South Central Railway for a construction project worth ₹ 447.1 crore which it won in January 2024.
Possible targets:
We are personally holding HG Infra from 916 levels, And holding for a target of 1100 in the short term, 3-6 Months.
Disclaimer:
We are not SEBI-registered advisors. This post is only for knowledge purposes. We are not recommending / Forcing anyone to buy. Do your research before Investing.
