Investors with a two-three year perspective can consider investing in the stock of Ansal Housing and Construction (Ansal Housing). Proven execution capabilities, a good number of ongoing projects and healthy financials suggest that the companys present earnings growth may sustain over the medium term.
However, being a small player in the realty market and a small-cap stock poses higher risks than those faced by larger players. Investors willing to take these risks can consider buying the stock in small lots (as the stock is prone to sharp surges and declines).
At the current market price of Rs 310 the stock trades at 10 times its trailing 12-month earnings on a standalone basis. We believe the price is at a steep discount, even after considering the lower premium enjoyed by regional players.
More : thehindubusinessline.com
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