AIA Engineering Ltd - SELL - TP Rs.1130 - Result Update - Kotak

- AIA reported Q2FY18 result below our estimate; miss was on account of weak volumes, high input prices and high power cost that led to YoY margin contraction.

- We value AIA Engineering at PER 20x FY19 earnings and maintain 'SELL' rating with unchanged target price of Rs 1130.

Shares of AIA ENGINEERING LTD. was last trading in BSE at Rs.1387.9 as compared to the previous close of Rs. 1391.75. The total number of shares traded during the day was 1285 in over 116 trades.

The stock hit an intraday high of Rs. 1408.45 and intraday low of 1380.05. The net turnover during the day was Rs. 1785493.

Source : Equity Bulls

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