Axis Direct is bullish on ITD Cementation has recommended buy rating on the stock with a target price of Rs 158 in its research report dated November 24, 2016.
Axis Direct's research report on ITD Cementation
Given strong order book, presence in niche vertical like Marine and reduction in low margin orders, we expect ITD’s EBITDA to grow at CAGR of 14% over CY15-17E. With risk free business model (pure EPC player) and strong parent support we maintain BUY with Target Price of Rs. 158 (13% upside from current level of Rs. 140).
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.