Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Allcargo Logistics: Returns set to improve; Hold

Jul 01 2014, 13:58 IST
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SummaryAt the CMP, the stock trades at 15.1x FY16e PE and 6.7x FY16e EV/EBITDA.

At the CMP, the stock trades at 15.1x FY16e PE and 6.7x FY16e EV/EBITDA. Allcargo is focused on leveraging its global network for improving return ratios and to consolidate its balance sheet. We maintain a Hold rating on it, with a revised target price of `248 at 7x FY16e EV/EBITDA.

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