New Delhi, May 19 -- Domestic brokerage firm Axis Securities, in its recent note, named Pitti Engineering as its 'Pick of the Week' stock. The brokerage retained its 'Buy' call on the company, with a target price of Rs.1,085 per share-indicating an upside potential of around 10% from the stock's previous closing price.
The brokerage's optimism stems from the company's consistent rise in volumes, fresh capacity additions, a steady increase in demand for its products, and a strong revenue target for the current fiscal year. These factors led the brokerage to retain its positive outlook on the company.
Pitti Engineering reported a 40% year-on-year increase in revenue during Q4FY25, primarily driven by contributions from recent acquisitions...
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