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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2015-09-23||Ambika Cotton Mills .. +||Karvy||828.10||1004.00||828.10 (26.51%)||Target met||Buy|
Rock solid ratios with higher dividend yield: Ambika Cotton has recorded outperforming return ratios of RoE, RoCE & RoA at 18.2%, 20.6% & 11.3% in the industry in FY15. The company has paid dividend per share of Rs.14 implying dividend yield of ~ 1.7% at CMP of Rs 835. The profit after tax is growing with a CAGR of 30% in FY12-FY15 and expecting a growth of 20% CAGR in FY15-FY17E.