ICICI Securities has buy call on Techno Electric & Engineering Company with a target price of Rs 407. The current market price of Techno Electric & Engineering Company Ltd. is Rs 325.85. Time period given by analyst is one year when Techno Electric & Engineering Company Ltd. price can reach defined target.
Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3618.45 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 223.14 Crore, down -13.74 % from last quarter Total Income of Rs 258.68 Crore and up 84.05 % from last year same quarter Total Income of Rs 121.24 Crore. Company reported net profit after tax of Rs 12.73 Crore in latest quarter.
Techno Electric & Engineering Company standalone net profit rises 307 89% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
India s biggest money manager shuffled allocations within the PSU pack in March
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SAIL shares have been in heavy demand recently, as steel companies hiked prices on the back of a rise in commodity prices and heightened demand. In the last one year, the scrip has gained 235 per cent. Some analysts say it is too late for an investor to get into metals.
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SBI MF also bought 10-23 lakh shares of Gujarat State Petronet, SBI Cards and Payment Services, Vedanta, Muthoot Finance, Tata Power Company and AIA Engineering during the month.
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NEW DELHI: The buy-sell data of SBI Mutual Fund for March shows a shift in portfolio allocation to one quarter of public sector companies from another amid a cyclical shift in the economy.
Techno Electric & Engineering Company said it signed a Memorandum of Understanding (MoU) with Government of Tamil Nadu on 16 February 2020, for the proposed development of a 25 MW data center along with ITeS facility in Chennai. Techno proposes to invest Rs 650 crore in the proposed project in the next 3 years, the company said in a filing issuing during market hours today, 17 February 2020.
The scrip was down 1.56% at Rs 279.95 on the BSE. It traded in the range of 275.30 and 284.05 so far during the day.
In the past three months, the stock has 31.05% while the benchmark Sensex has added 18.18% during the same period.
Techno Electric & Engineering Company is an engineering, procurement, and construction (EPC) player and green energy generator in the power sector.