{"id":104888,"date":"2023-07-05T13:44:36","date_gmt":"2023-07-05T08:14:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104888"},"modified":"2023-07-05T13:44:39","modified_gmt":"2023-07-05T08:14:39","slug":"real-estate-stock-jumps-more-than-10-after-icici-securities-sets-target-of-800","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/real-estate-stock-jumps-more-than-10-after-icici-securities-sets-target-of-800\/","title":{"rendered":"Real Estate stock jumps more than 10% after ICICI Securities sets target of \u20b9 800\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3680512095\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. The stock, in the last six months, has gained over 30 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-827104246\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AHLUCONT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ahluwalia Contracts<\/a><\/strong> (India) Limited zoomed more than 10 percent today and currently are available for Rs 672. The scrip hit its 52-week high mark and the same was recorded at a price of Rs 683.65.\u00a0<\/p><p>One of the contributing factors for such a jump in stock prices today is pertaining to ICICI Securities, a well-known brokerage, initiating their coverage and giving a \u2018Buy\u2019 tag to the stock. <strong>Providing a target price of Rs 800, the stock shows a potential upside of around 20 percent compared to the current price levels.\u00a0<\/strong><\/p><p>The rationale justifying the recommendation is with regards to the company\u2019s strong order book, the book-to-bill ratio which reached all-time high levels, etc.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2660623718\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The latest consolidated financials of the company portray an increase in the operating revenues as well as net profits with the former moving from Rs 2,692 crores during FY1-22 to Rs 2,838 crores in FY22-23, and, the latter, taking a shift from Rs 155 crores to Rs 194 crores.&nbsp;<\/p><p>Likewise, the profitability metrics were on the rise with the return on equity (ROE) increasing from 14.99 percent during FY21-22 to 15.79 percent in FY2-23, and, the return on capital employed (ROCE) staying uniform at levels of 21 percent.&nbsp;<\/p><p>As per the shareholding pattern data available for the March 2023 quarter, the Promoters hold a 55.32 percent stake (12.94 percent pledged), and Foreign Institutional Investors (FIIs) hold a 11.50 percent stake in the company&nbsp;<\/p><p>Ahluwalia Contracts (India) Limited is a company based in India that is primarily engaged in the business of civil construction. The company has also diversified into the segments of developing as well as operating commercial complexes under license arrangements and also engaged in Real Estate trading.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-335851710\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. The stock, in the last six months, has gained over 30 percent.&nbsp; Shares of Ahluwalia Contracts (India) Limited zoomed more than 10 percent today and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9796,9795,9798,948,936,9797],"class_list":["post-104888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ahluwalia-contracts-latest-news","tag-ahluwalia-contracts-share-price","tag-ahluwalia-contracts-share-target","tag-stock-market","tag-stock-market-news","tag-why-is-ahluwalia-contracts-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate stock jumps more than 10% after ICICI Securities sets target of \u20b9 800\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The stocks of this Real Estate stock touch record high numbers after a well-known brokerage house initiates coverage on the same and provides a target price with a decent upside. 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