JMC targets 15% revenue growth in FY18. With higher exposure to private sector projects, we remain cautiously optimistic. Further, we have revised the number downwards for asset heavy subsidiaries by 12-14% in FY18/19. This will contribute lower other income to standalone. With team in place, Shree Subham, has marched past EBITDA positive mark. With steep interest outgo, PBT is in red-albeit showing an improving trend. Without major change in estimates, we maintain HOLD. Strong growth in JMC soothes concerns: JMC reported 19% YoY growth in revenue at...