BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
The recent well-diversified sturdy order additions is an augury, but delayed commencing of construction at some of the recently added orders meant Ashoka Buildcon Ltd.'s Q2 pace of execution was slightly soft.
Nevertheless, with six of its recently added orders set to turn contributing shortly, management targets ~20% YoY higher FY22 revenues.
Ashoka Buildcon's standalone balance-sheet strength is intact. Covid-19 has likely delayed asset monetisation, but efforts are still underway, and the recent renegotiation of terms with the partner suggests efforts are progressing.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
