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Anand Rathi Report
Ahluwalia Contracts India Ltd.'s Q4 ordinary income statement stemmed from a combination of contracted order book (muted new orders on keener competition) and inflationimpacted operating profitability.
Nevertheless, that did not deter it from generating positive cash flows and further strengthening its net cash status. Access to a war chest in a rising interest environment, we believe, would work in its favor and, thus, Ahluwalia Contracts is poised to benefit from opportunities on offer.
Consequences of irrational bidding in the recent past by some, management believes, would curb competition, and keep it sanguine of adding in time to keep growing. The recent correction renders the stock attractive.
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