BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
The recent well-diversified sturdy order additions is an augury, but delayed commencing of construction at some of the recently added orders meant Ashoka Buildcon Ltd.’s Q2 pace of execution was slightly soft.
Nevertheless, with six of its recently added orders set to turn contributing shortly, management targets ~20% YoY higher FY22 revenues.
Ashoka Buildcon's standalone balance-sheet strength is intact. Covid-19 has likely delayed asset monetisation, but efforts are still underway, and the recent renegotiation of terms with the partner suggests efforts are progressing.
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