PINC has maintained buy rating on Consolidated Construction Consortium with target price of Rs 798 in its May 09, 2008 report. "Consolidated Construction Consortium Ltd. (CCCL) posted net sales of Rs 4.6 billion (up 40% QoQ) in Q4FY08. OPM expanded by 503bps QoQ to 12.3% propelled by execution of high margin infrastructure projects. Consequently, net profits rose to Rs 358 million (up 86.6% QoQ). At the CMP of Rs 626, CCCL trades at a P/E of 11x and EV/EBIDT of 7.6x its FY10 earnings. The stock underwent substantial correction over past couple of months & is attractively poised vis-a-vis our DCF valuation of Rs798. Hence, we upgrade our recommendation to ‘BUY’ with a 12-month price target of Rs 798" says PINC research report.