HDFC Securities is bullish on Ahluwalia Contracts has recommended buy rating on the stock with a target price of Rs 700 in its research report dated May 29, 2023.

Buy Ahluwalia Contracts; target of Rs 700: HDFC Securities

Ahluwalia Contracts reported a 62 percent increase in net profit to Rs 72.2 crore during March quarter while sales grew 18 percent YoY amounting to Rs 863 crore.

Ahluwalia Contracts zooms 17% to record high after 62% surge in Q4 net profit

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Ahluwalia Contracts’ unadjusted order book as of date stands over ₹9,500 crore excluding the recently declared L1 in the CSMT Station redevelopment project worth ₹2,450 crore. The current order book size is the highest in the history of the company.

Broker’s call: Ahluwalia Contracts (Buy)

We remain positive about the company’s future growth which is supported by its robust order book, strong liquidity position etc.

Ahluwalia Contracts - Order Book At All Time High; Better Execution To Drive Growth: Axis Securities

The redeveloped structure will be a green building with solar energy and waste management system, among other features

Mumbai CSMT revamp set to be on track; Ahluwalia Contracts lowest bidder

TTK Healthcare, Religare Enterprises, IndiGrid, Hero MotoCorp, Prakash Ind, RVNL, Infosys, Stylam Ind, BLS International, RPP Infra, Ahluwalia Contracts, Advait Infratech and Dalmia Bharat Sugar are expected to see action today

Stocks that will see action on April 6, 2023

Ahluwalia Contracts (India) announced on Monday that it has secured an order for construction of cancer hospital building in Mumbai for about Rs 723.34 crore.

Ahluwalia Contracts bags order worth Rs 723 cr

Ahluwalia Contracts (India) rose 1.34% to Rs 469.45 after the company secured an order worth Rs 169 crore from Indian Financial Technologies and Allied Services (IFTAS) for construction works in Bhubaneshwar, Orissa.

Ahluwalia Contract gains on bagging Rs 169-cr order

HDFC Securities is bullish on Ahluwalia Contracts has recommended buy rating on the stock with a target price of Rs 568 in its research report dated February 14, 2023.

Buy Ahluwalia Contracts; target of Rs 568: HDFC Securities

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Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Ahluwalia Contracts (India) Limited is a construction company engaged in civil construction. 