US EditionAjax Engineering Target Price Reduced By Citi As Rising Competition Weighs
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Ajax Engineering Target Price Reduced By Citi As Rising Competition Weighs
Citi Research reduced Ajax Engineering Ltd.'s target price while it maintained a 'Neutral' rating as the brokerage remains wary of rising competition for the company. The target price is Rs 690 from Rs 745 apiece. The current target price implied an 11% upside from the current level.Citi Research has also cut net profit estimates for Ajax Engineering by 8.5% and 8.1%, respectively, for financial years 2026 and 2027, the brokerage said.Ajax Engin…
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