Khambatta Securities Gives Buy Call on G G Engineering

  • | Monday | 21st September, 2020

BSE listed G G Engineering (An authorized OEM for Tata motors), has been given a buy call by Khambatta Securities. G G Engineering Limited (Code 540614) was established in 2006 to cater to the rising demand of quality sheet metal and heavy steel products. The company’s flagship products include smart Reverse Vending Machines (RVMs), sheet metal components for commercial air-conditioners, and industrial diesel generator sets. G G Engineering Limited - Reverse Vending MachinesInspired by the Swachh Bharat Abhiyan, GGE launched India’s first fully-automated and smart RVMs for crushing/shredding PET bottles with the objective of enabling environment-friendly disposal of plastic waste. 6.00, our target price of Rs 90 informs a BUY rating with an upside potential of 42%.”

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