Despite a 10 percent fall in the stock in the last 2 months, domestic brokerage house Axis Securities has picked HG Infra Engineering as its top pick of the week . The brokerage has a ‘buy’ call on the stock with a target price of ₹935, implying a potential upside of 10 percent.
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HG Infra Engineering Ltd reported 37.4 percent rise in net profit to Rs 1,504 crore in Q1FY24, as against Rs 1,094 crore recorded in the year-ago period.