CMP: 250


Ackruti City Ltd. offers construction and real estate development services. The Company develops, sells and leases commercial, residential, retail, and industrial properties.

Ackruti City is yet another stock that has corrected heavily. Its fundamentally good apart from its high liabilities. Revenues and PAT have been decent. NPM is still good at 30% although it has dropped since 2008. Its been a very volatile stock and its pretty much trading at a 3 year low. Its trading at a P/E of 8 which is very attractive compared to its industry P/E of 30. Its a good bet at current levels. Invest with minimum exposure and accumulate as it gets bullish on volumes.