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Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy JMC Projects (India): target of Rs 83: Sharekhan

Sharekhan is bullish on JMC Projects (India) has recommended buy rating on the stock with a target price of Rs 83 in its research report dated January 06, 2020.

January 07, 2021 / 03:32 PM IST
 
 
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Sharekhan's research report on JMC Projects (India)


Road project awarding and construction activities increased during November 2020. Toll project revenues are also rising robustly as reflected in FASTag and NHAI toll collections. Bank credit deployment to roads sector has started improving with a healthy y-o-y rise during September to November which should help execution of ongoing projects and financial closure of new projects. Management expects restructuring and refinancing of BOT road assets to conclude by FY2021-end,while asset divestment is expected to take time.


Outlook


We retain a Buy rating on JMC Projects with a revised price target of Rs. 83, considering a positive outlook for the sector and favorable valuation.


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.


Broker Research
first published: Jan 7, 2021 03:32 pm

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