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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Religare maintains buy on Ahluwalia Contracts
Q2 earnings of the company were in-line with estimates. EBITDA margin for the quarter at 12.5 per cent were ahead of expectations on account of better projects mix. Ahluwalia's strong order book at Rs 4,120 crore offers revenue visibility till FY18 and the quality of order inflows coupled with reducing debt would help sustain profitability.