Shares of HG Infra Engineering have received a price target downgrade from brokerage Anand Rathi post its Q2 earnings. The stock, which is trading near its 52 week low of Rs 875 reached on November 13, is now likely to reach a price target of Rs 1,142 in a year from the earlier Rs 1339. The brokerage values its core EPC business at 8 times Sep’27 EPS estimates. Advertisement

The multibagger stock with gains of 338% in five years has lost 42% this year and fallen 28% in six months. In two years, the stock has gained 2%.

On the other hand, Antique Stock Broking has termed HG Infra among its top picks. It has a price target of Rs 1,461 on the infra stock. The brokerage expects a 15% EBITDA margin in FY26 against 15% in FY25.

In the current session, the infra stock was trading 0.79% lower

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