Buy Engineering Stock For Attractive Return, Target Time 3-4 Weeks: Axis Securities

Axis Securities has recommended investors to buy mid cap Engineering Sector stock, Sterling and Wilson Renewable Energy Ltd with a target price of Rs 377 apiece. The analyst has given a target time of 3-4 weeks when the stock price will reach its target price. Current market price of 320.95 apiece with intraday decline of 3.21% till 1:33 pm. If you buy Sterling and Wilson Renewable Energy share now, you can get potential return of 18%. The brokerage has recommended to maintain the stop loss at Rs 299 apiece. Check details below:

Sterling and Wilson Renewable Energy Stock Performance: Current market price of Sterling and Wilson Renewable Energy is Rs 320.95 apiece with intraday fall of 3.21%. Its 52-week high is Rs 400.00 apiece and 52-week low is Rs 255.25 apiece, respectively. The mid cap company has a market capitalisation of Rs 6,104.33 crore.

Return: The mid cap stock soared over 7% in last 1-month, 9% in last 3-months, 6% in last 6-months, and fell 3% in last 1-year. In last 3-years, it surged 176%.

Financial Performance:The company declared its consolidated total income at Rs 417.65 crore, up 1.67% from last quarter total income of Rs 410.80 crore. It declared its net profit after tax at Rs -99.15 crore in latest quarter.

Sterling and Wilson Renewable Energy About: Sterling and Wilson Renewable Energy Limited (SWRE) is a global pure-play, end-to-end renewable engineering, procurement and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions. It has a total portfolio of over 12.9 GWp (including projects commissioned and under construction). This portfolio includes a 1,177 MWp solar power project in Abu Dhabi - one of the world's largest single-location Solar PV plants, according to its official website.

The stock has been picked from the brokerage report of Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.