TheScreener - AIA Engineering (AIAENG) AIA ENGINEERING sees a downgrade to Neutral on account of less fundamental stars

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AIA ENGINEERING sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of AIA ENGINEERING (IN), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date December 31, 2021, the closing price was INR 1,872.45 and its target price was estimated at INR 1,654.56.

01/01/2022 6 EN

Underlying

AIA Engineering

AIA Engineering Limited manufactures and markets a range of high chromium consumable wear parts (mill internals). The Company employs alloy-casting process for manufacture of the products, which entails designing and choosing the high-chrome alloy composition in relation to the end application. The Company produces a range of high chrome mill internals, which are used as wear parts in the process of crushing/grinding in the cement, mining, utility, thermal power and aggregate industries. The Company's services include mill audits, turnkey installation and commissioning projects, stock assessment and management, and performance monitoring. The Company manufactures and supplies Grinding media, Shell liners and Diaphragms (partition wall, discharge diaphragms, drying chamber diaphragms and dopple rotator diaphragms) for tube mill applications. In addition to grinding media, it also provides shell liners for ball mills. The Company has its operations in approximately 120 countries.

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INE212H01026 National Stock Exchange of India India

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AIA ENGINEERING sees a downgrade to Neutral on account of less fundamental stars

Empowering Investors

AIA Engineering Limited: 2 directors

AIA Engineering's Q3FY20 reults (Neutral) - Volumes disappoint again;guidance cut

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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