Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Buy IRB Infrastructure, target of Rs 240

36 sec read

Buy :  IRB Infrastructure
Taget : Rs 240
CMP : RS 208
Broker : Emkay

 
Emkay Research has maintained its buy rating on IRB Infrastructure Developers with a price target of Rs 240 in its April 15, 2008 research report. "IRB boasts of holding amongst the most lucrative BOT concessions in the country. It has recently bagged two highly lucrative road concessions covering the high traffic and fast growing economic centre of Surat. It's E&C business is thriving on the back of captive orders from the new concessions bagged by its BOT SPVs."

"Overall, we like IRB's strategy of adding stable cash flow road BOT concessions and leveraging the same for its E&C business. Hence, while these road concessions support the consolidated earnings with reasonable certainty, at the same time they are not dilutive on RoE (RoE of 32% for BOT portfolio). We initiate coverage on IRB with a BUY and a price target of Rs 240," says Emkay's research report.

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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