Swaraj Engines - Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd.

Swaraj Engines - CMP: Rs 1,595 TP: Rs1,835

"Swaraj Engines is engaged in the business of manufacturing diesel engines and hi-tech engine components. Diesel Engines are specifically designed for tractor application for M&M. Going forward, we expect strong growth numbers in the tractor industry (in month of August-20, M&M reported 69% growth in tractor segment ) primarily on account of continued positive sentiment in rural, due to increase in Kharif sowing area, thereby indicating a bumper harvest, bountiful monsoon, good rural cash flows and upcoming festive season. Hence, it will benefit the players like Swaraj Engines."

Shares of SWARAJ ENGINES LTD. was last trading in BSE at Rs.1583.45 as compared to the previous close of Rs. 1574.55. The total number of shares traded during the day was 423 in over 102 trades.

The stock hit an intraday high of Rs. 1665 and intraday low of 1567. The net turnover during the day was Rs. 673426.

Source : Equity Bulls

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