Buy Calls – Orbit Corporation
The Mumbai-based Orbit Corporation has been quick to fast-track execution of projects that had slowed down and generate better revenue growth than the others.
An improved balance-sheet, presence in the lucrative redevelopment Mumbai market and willingness to quickly shed stake in large projects to keep the cash clock ticking are key positives for Orbit Corporation. These factors are likely to aid the company achieve superior earnings growth over the next two years.
Investors with a high-risk appetite can consider exposure to the stock of Orbit Corporation with a two-year perspective. At the current market price of Rs 277, the stock discounts its likely per share earnings for FY-11 by 13 times.
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