ICICI Securities Ltd | Retail Equity Research Accelya Kale (Accelya), a focused IT player in the aviation industry, is likely to be a key beneficiary of favourable macros like growing air traffic and stable crude oil prices. We expect Accelya's earnings to grow at 14.5% CAGR in FY16-18E and maintain its strong return ratio profile. We recommend BUY on the stock with a revised target price of | 1600. Ke y take aw ay from FY 16 annual repor t i) Accelya's topline grew 12.6% YoY to | 339.7 crore while net profit grew...