ICICI Direct has given Buy recommendation for The Anup Engineering recommended buy rating on the stock with a target price of Rs 1080 in its research rep with a target price of Rs. 1080 in its research report issued on Oct 18, 2022

ICICI Direct’s research report on The Anup Engineering

Anup Engineering is one of the leading process equipment manufacturers with special focus on heat exchangers. The company has a facility in Odhav, Gujarat and is currently in the process of undertaking a greenfield expansion in Kheda • The company aims to achieve a topline target of Rs 1000 crore by 2026.


We maintain BUY rating on the stock. We value Anup at Rs 1080 i.e. 15x P/E on FY24E EPS.

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