Hem Securities is bullish on BGR Energy Systems and has recommended buy rating on the stock with a target of Rs 625, in its March 10, 2010 research report.
“Increasing GoI thrust on power sector via plan allocation for power sector doubling under Budget 2010-2011, BGR Energy Systems’ unique position as a singlepackage BOP/EPC solution provider, robust order book and an edge of cost advantage over its peer competitors are the key growth drivers for the company going forward. Enhancement of manufacturing capabilities and expansion of product range and strong revenue visibility will add value to the company. In the wake of such growth, BGR Energy Systems seems to be extremely attractive investment opportunity.
| NIFTY 
