Buy Ashoka Buildcon: IIFL Securities's Target Price Rs 280

IIFL Securities has issued a buy call on Ashoka Buildcon with a target price of Rs 280, representing a potential upside of over 15% from the current market price of Rs 242.35. The recommendation is based on the company's strong order book, expected improvement in margins, and potential for revenue growth. Ashoka Buildcon is a leading construction company with a presence across various sectors such as roads, bridges, and buildings. The company's healthy order book and focus on operational efficiency are key growth drivers.

About Ashoka Buildcon:

Ashoka Buildcon Limited is an Indian construction company headquartered in Mumbai, Maharashtra. It is engaged in the construction of infrastructure projects, including highways, bridges, flyovers, tunnels, railways, power transmission lines, and buildings. The company has a presence in over 20 states in India and has also executed projects in neighboring countries such as Nepal and Sri Lanka. Ashoka Buildcon is a publicly traded company listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

52 Week Price Trend:

Ashoka Buildcon (NSE: ASHOKA), a leading infrastructure construction company in India, is currently trading at Rs 242.35. This represents a significant increase from its 52-week low of Rs 71.3, but remains below its 52-week high of Rs 195.55. The company's recent financial performance has been mixed, with revenue growth but margin pressure. Analysts are cautiously optimistic on the stock, citing the government's focus on infrastructure development as a potential growth driver but also highlighting concerns about rising input costs and competition.

Stratzy's MOST Analysis:

Ashoka's AA- rating from Stratzy's MOST framework indicates that the company has: * Strong management (A) * Positive outlook (A-) * Good safety (A-) * Favorable trend (A) This overall rating suggests that Ashoka has low fundamental risks and is considered a good investment choice by Stratzy.

Fundamental and Technical information provided in this blog were last updated on 24 Jul, 2024

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