Anand Rathi's research report on Ashoka Buildcon
Notwithstanding the early-rains and continuing Covid’19-impact, Ashoka’s Q2 revenue marks its return to growth, and suggests of even better times ahead. With execution efficiencies returning to normal, inflows are the other key deliverable and management expects to make more progress in H2 on this front. A well-set balance sheet and some progress on the SBI-Macquarie exit are good auguries.
Outlook
Its proven execution capabilities and a well-set balance sheet impel us to retain our Buy rating, with a TP of Rs127.
For all recommendations report, 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.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
Read More
