Price Rs218 Target Price Rs186 Performance Highlights Top-line grows substantially post ATSL merger: Gammon India (GI) posted robust 84.0% yoy growth in Top-line for 2QFY2010 to Rs943.9cr (Rs513.2cr) post the merger of erstwhile associate, Associated Transrail Structures (ATSL), with itself. However, 2QFY2010 Top-line is not comparable yoy as the company has not disclosed its...
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Gammon India Ltd.
Hold Nava Bharat Ventures Ltd.
CMP : Rs371.00 Target Price :Rs396 We have analysed the 2QFY10 result of Nava Bharat Ventures Ltd. (NBVL) and attended the concall for the same. The following are the excerpts of our analysis and key takeaways from the concall. NBVL’s Net Sales were down by 39.5% YoY to INR 2.4 billion in 2QFY10 (in...