Should You Sell/Hold Ashoka Buildcon Share, target Price? Icici Direct

Ashoka Buildcon Share price Target
Ashoka Buildcon Share price Target

Should You Sell/Hold Ashoka Buildcon Share?

Ashoka Buildcon (ABL) saw a solid successive recuperation and conveyed a superior than-anticipated arrangement of numbers on the income and benefit front. Independent income was up 6.7% YoY to Rs 877 crore as work accessibility and execution have gotten back to pre-Covid levels.

Detailed EBITDA edge was flattish YoY to 14.9%, additionally helped by arrival of possibilities because of venture consummation.

RPAT became 44% YoY to Rs 104.7 crore because of higher other pay, lower expense and premium combined with higher revealed EBITDA. Overall the Share showed very lil weakness during the various trading sessions.

Ashoka Buildcon Share Price Target

We moderately work in development income development at 4.7% CAGR to Rs 4,316 crore in FY20-22E. We keep up HOLD rating on the stock with a SoTP-based Target Price of Rs 75.


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