Stock Pick For Monday: Edelweiss Recommends Capital Goods Stock For 34% Return

Edelweiss has recommended capital goods stock, Techno Electric & Engineering Company Ltd with a target price of Rs 450 and a potential return of 34%. The shares of the mid cap company have rallied 36% in last 1-year. The company has a market capitalisation of Rs 3707 crore. Check key takeaways below:

1. Techno Electric & Engineering Company Ltd Stock Performance

The current market price of the stock is Rs 337 apiece with a gain of 2.81% in early morning trade. The stock's 52-week high is Rs 347 apiece and 52-week low is Rs 221 apiece, respectively.

2. Techno Electric & Engineering Company Ltd Return

The stock has given 6% return in last 1-week, 25% return in last 3-months, and 36% return in last 1-year. In last 3-years, the stock has surged 17%. The mid cap company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 247 crore, up 33% from previous quarter total income of Rs 185 crore.

3. Techno Electric & Engineering Company Ltd About

Techno Electric & Engineering Company Ltd. (TEECL) is one of India's most important power-infrastructure companies. It is at the top of Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the three industry segments of generation, transmission and distribution.

Incorporated in 1963 and headquartered in Kolkata, its operations are spread across India and abroad. TEECL was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India.

Disclaimer

The stock has been picked from the brokerage report of Edelweiss. 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.