Buy Ahluwalia Contracts (India), target price Rs 557: HDFC Securities

Buy Ahluwalia Contracts (India), target price Rs 557: HDFC Securities
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Synopsis

Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3360.10 Crore) operating in Construction sector.

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Promoters held 55.32 per cent stake in the company as of 30-Sep-2022, while FIIs owned 12.28 per cent, DIIs 27.45 per cent.
Securities has buy call on (India) with a target price of Rs 557. The current market price of Ahluwalia Contracts (India) is Rs 501.2.

Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3360.10 Crore) operating in Construction sector.

Ahluwalia Contracts (India) Ltd. key Products/Revenue Segments include Contract Revenue, Scrap, Property Development and Lease Rentals for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 629.41 Crore, up 2.10 % from last quarter Total Income of Rs 616.45 Crore and down -10.71 % from last year same quarter Total Income of Rs 704.94 Crore. Company reported net profit after tax of Rs 39.16 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 55.32 per cent stake in the company as of 30-Sep-2022, while FIIs owned 12.28 per cent, DIIs 27.45 per cent.
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