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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-05-10||Nila Infrastructures..||ICICI Securities Limited||20.15||20.15 (-79.16%)||Mgmt Note|
ICICI Securities Limited
We met the management of Nila Infrastructure (NIL) to get an insight into its business model and plans. Established in 1990, NIL is a diversified infrastructure & real estate player with presence in Gujarat & Rajasthan. It operates in urban infrastructure & real estate segments with exposure to affordable housing projects as well. NIL has outstanding orderbook of | 588 crore as on Q3FY18. The key takeaways are:-i) NIL is looking to demerge its real estate business into Nila Spaces ii) NIL would have core focus on the infrastructure business of affordable housing and civic urban infrastructure projects, iii) It would also look to win PPP projects that...