Mangal Keshav Securities Limited gives Buy Call on Generic Engineering Constructions and Projects Ltd.

  • | Monday | 13th July, 2020

Mangal Keshav Securities Limited has given a Buy Call on BSE listed Generic Engineering Constructions and Projects Ltd. (GECPL) with a target price of Rs. The report further said that Generic Engineering’s sweet spot lies in projects with a ticket size of Rs. Focus on smaller projects and hence smaller developers has allowed payments to be collected faster as according to the Company payments can be easily collected from smaller developers rather than bigger ones. Since they focus only on small orders, they don’t always have to bid for projects like in the case for larger ones. GECPL is currently taking on projects which will help them pre-qualify for bigger projects which will lead to them increasing their bidding capacity from Rs.

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