Bonanza has recommended a buy rating on Sunil Hitech Engineers with a target of Rs 175 in its August 24, 2009 research report.

"Sunil Hitech is midsized engineering services player, with major focus on services to Power sector. We expect good order inflows from Q3 FY10 for engineering sector. It is likely to report an EPS of about Rs. 26 in FY10. Investors with high risk appetite can 'BUY' in range of Rs.140-150 for a target of Rs.175 i.e. 6.5 times FY 10 EPS estimates," says Bonanza's research report.