1 TWL share price target reports by brokerages below. See what is analyst's view on TWL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
Burgeoning investments in the railway space and thrust on wagon procurement in the FY20 budget (refer to Railways - Union budget FY20 (I): Railways steams ahead) are key positives for TWL. That said, the ongoing economic slowdown has prompted a cut in our target PE from 15x to 10x. Incremental order intake from IR, momentum in private sector orders and the turnaround at Firema are the key variables for the stock. Maintain ‘BUY’ with a revised SoTP-based TP of INR64 as we roll forward the valuation to December 2020E.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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