Stock market analyst E Mathew has suggested investors to purchase ‘Hindustan Dorr-Oliver’ stock to achieve short term target of Rs 208.

The stock has performed brilliantly on Wednesday (2 Jan), and marked its closure at Rs 178.30. Today, the stock opened at Rs 183.90 on BSE.

On Bombay Stock Exchange, the stock has touched 52-week high of Rs 187.20 and the low of Rs 57. The investors can purchase the stock around Rs 175 with a stop loss of Rs 166. With an EPS of Rs 5.01, the stock is trading with a P/E of 37.34 at 11:20 am (today).

The stock will surely achieve the said target within a period of 2 weeks. So, the investors are suggested not to sell this stock before achieving this mark.

Hindustan Dorr has been performing well based on better results in previous quarter. The fundamentals are too strong and it has robust plans for the future growth in profits.

Hindustan Dorr-Oliver Limited (HDO), an engineering, procurement, and construction (EPC) company, provides engineered solutions, technologies, and EPC installations in liquid-solid separation applications. It offers industrial filters for pulp and paper, chemical process, minerals, and sugar industries.

If investors want some other options in the same segment, they can purchase Mundra Port, Punj Lloyd and Reliance Infra for short or medium term.

The engineering segment has been performing well from last 3-4 weeks, and there are also great expectations in the coming days.