jaiprakash associates (Emkay) Cement & Construction performance remains muted

Revenue growth of 21.4% yoy to Rs40 bn; EBIDTA grew 8.8% yoy to Rs 8.6bn dragged by construction margins; APAT grew 17.1% yoy to Rs 2.9bn led by 47.4% decline in tax provisions
Date Rating Target Price Recommendation Price Broker house
16 May 2011 accumulate (from buy) 96 88 Emkay Report

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