powerfulpicks long term call: Buy IVRCL INFRASTRUCTURE on dips at 149 or below for a long term (9-12 month) target of 190 (+27%).
With order book at over Rs 22000 crores (4 times their yearly sales volume, meaning even if they do not get any other orders for 4 years, still the company will be profitable), IVRCL stands tall among all the infrastructure player.
Their debt position is healthy, with reserves much higher than the debt. Overall this is a safe long term bet with infrastructure stocks starting to get hotter now.
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