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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-06-16||Arihant Superstructu.. +||ICICI Securities Limited||192.85||192.85 (-50.17%)||Not Rated|
ICICI Securities Limited
We attended the analyst meet of Arihant Superstructures (ASL). The key takeaways are:-i) ASL is focused on affordable segment with ~63% of its ongoing projects portfolio comprising low cost affordable housing, ii) with a strong project pipeline, the company expects to deliver 12.9 million square feet (msf) across 15 projects over the next seven years, iii) ASL is striving to become debt free by the next three or four years (current debt at | 262 crore, D/E: 2.4x). We like ASL given its focus on affordable housing in line with the government's theme of Housing for All, strong...
|2017-06-12||Arihant Superstructu.. +||Joindre Capital Services||187.50||280.00||187.50 (-48.75%)||Buy|
Joindre Capital Services
Arihant Superstructures Limited is one of the leading developers in the MMR and Jodhpur region. ASL over the last two decades has been executing world class quality construction at truly affordable prices with focus on quality, and time of delivery. The ASL group has a history of having delivered more than 8000 homes with about 7 mn square feet of space constructed which came from roughly 50 projects. Currently ASL has about 13,000 homes under construction...