BRICs PCG: Buy IVRCL, Orient Paper

BRICs PCG: Buy IVRCL, Orient Paper

Our Markets Bureau / Mumbai September 27, 2006

BRICs PCG recommends a 'Buy' rating on IVRCL Infrastrcuture at current levels with a price target of Rs 320.

He reports says, Standalone operations to underpin growth.

BRICs are raising our price target for IVRCL to incorporate the new land projects executed at Noida and to build in a change in our real estate project valuation estimates.

The year ahead remains promising with a strong outlook for the company