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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2012-02-09||Gammon India Ltd.||Ajcon Global||58.60||75.00||58.60 (-97.18%)||Buy|
We believe the company on account of its strong brand, good past track record and experience of several decades in its domain, quality of construction ensuring good clientele and repeat orders, mouth watering valuations (P/BV 0.43x), we recommend investors to BUY with a target price of Rs. 75 (P/BV 0.55x). On a yoy basis, the stock has delivered negative returns of 62%. At CMP, we believe the stock has already priced in the following negatives: Slow order inflow and delayed execution, Depressed subsidiary performance, Real Estate investments yet to yield returns,...