#subros

Subros share price: Buy Subros, target price Rs 310: HDFC Securities

HDFC Securities has given a buy rating to Subros with a target price of Rs 310. The share price moved up by 2.24 per cent from its previous close of Rs 257.15. The stock’s last traded price is Rs 262.90. Investment Rationale The brokerages raised their FY22/23 estimates by ~19 per cent to factor in improving margin outlook. The brokerage values the stock at 21x (in line with its average P/E…