Shares to buy for short-term; offering returns up to 8%

Ankur Gupta May 09,2024

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Here are the key points and targets suggested by Sethi

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>>It has a strong order book of more than Rs 14,000 crore

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>>It recently secured a large water treatment order from the Mumbai Municipal Corporation

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>>It has entered a deal with Edelweiss Infra Fund Secura for the monetisation of 11 road projects, a move expected to generate Rs 2,300 crore

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>>Ashoka Buildcon is a fundamentally strong company with a healthy operating profit margin of 22 per cent.

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>>Sethi has recommended buying the shares of Ashoka Buildcon for a target of Rs 185 with a stop loss at Rs 160, which means it can rise up to 8 per cent.

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