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IVRCL Infrastructure (ICICIsecurities) …And the pain continues |
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Execution delays affect Q4FY11 results |
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IVRCL Infrastructure (UBS) update.2011.May.31 |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 31 May 2011 | buy;(CBE) | 110 (from 120) | -- | UBS Report | |
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ivrcl infra & projects (Citi) Worst Seems Priced In |
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Q4FY11 significantly below expectations; Cut FY12/13E earnings and TP; Reasons for the revenue miss; Rs390mn write-offs in the current quarter; Status on BOT projects; Expect the pain to continue; ~7x adj. P/E factors in a lot
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 31 May 2011 |
buy |
88 (from 110) |
70 |
Citi Report |
|
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ivrcl infrastructure & project (Emkay) Execution challenges persist- valuation attractive |
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Execution headwinds slows revenue growth to 8.7%; EBITDA margins surprise positively -leading to in line 4Q numbers
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
buy |
93 |
70 |
Emkay Report |
|
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ivrcl infrastructure (Angel) Result below expectations |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
buy |
100 |
70 |
Angel Report |
|
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ivrcl (MorganStanley) Cutting Earnings and Price Targets on Later Return of Capex |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 4 Apr 2011 |
overweight |
106 (from 198) |
-- |
MorganStanley Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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ivrcl infrastructure and projects (GoldmanSachs) India: Construction: Infrastructure: Near-term concerns, but valuations begin to appear reasonable; |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 21 Feb 2011 |
neutral |
93 (from 142) |
-- |
GoldmanSachs Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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ivrcl infra projects (Citi) Pain in the Price, Cutting TP to Rs110 |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 14 Feb 2011 |
buy |
110 (from 187) |
72 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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ivrcl infrastructure project (emkay) Result in line - Upgrade to Buy |
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ivrcl infrastructures (ICICIsec) Execution starts picking up |
