IIFL picks 13 lucky must-have stocks in 2013
Thu, Jan 03, 2013 at 12:04
Current Market Price (CMP): Rs 1,432
18-month Target: Rs 1,755
Rationale: Despite a strong balance sheet, ACC trades at a 20% discount compared to its peers like Ultratech on EV/ton basis. Return ratios, which were on a declining mode, are expected to improve in CY13 and CY14. Debt/equity continues to remain low as most of the recent expansion has been funded through internal accruals.