Topic: fast growing company - growth stock.
PUNJ LLOYD RECOMMENDATION: BUY
CMP Rs.284
52 Week High:589.10 Low: 191.40
TARGET Rs.532
rationale:
Strong order book to provide visibility for next 2.5 years
Completion of legacy orders in next 9 months to improve profitability going forward.
Company is hedged against raw material price hikes with 90% variable pricing contracts
PUNJ LLOYD RECOMMENDATION: BUY
CMP Rs.284
52 Week High:589.10 Low: 191.40
TARGET Rs.532
rationale:
Strong order book to provide visibility for next 2.5 years
Completion of legacy orders in next 9 months to improve profitability going forward.
Company is hedged against raw material price hikes with 90% variable pricing contracts
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