Apr 29, 2010

Earn RATING GAINS: Buy ICRA for TGT of 1095-1255

Some of the Mumbai based HNI portfolio managers have started accumulating this counter from around 870 levels. 
While also the investors looking for cash flow and such business model as CRISIL LTD. are not betting on this stock. 
The fundamentals, business model, and financial are quite sound. The PE expansion in CRISIL LTD. will also result in PE expansion of ICRA from current levels.
 This could not be pure value buying but is as We mentioned a Portfolio Managers' Pick. 

Buy ICRA with A TGT of Rs.1095, and 1255.

Disclaimer: We have this stock in our Quarterly PMS Members' Accounts.


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