can you please help understand, how timely delivery of project and reputation of a builder will help a customer to get loans at a lower interest rate from banks?
Pre-tax operating cash flows were negative at INR 23.8 crores versus positive Rs. 9.4 crores in quarter one of the current year. Delay in collections putting pressure on cash flows. However, we expect full year cash flows from operations at a pre-tax level to be positive.
From overall concall, it seems they have been struggling to offload their inventory especially in Bhiwadi.
They want to grab some land parcels as they see land prices getting reasonable.
Overall not very encouraging concall.
Ashiana appears to have formed a bottom and is on the verge of a breakout. Just have a look at the daily chart.
If we look at the monthly chart, the stock is showing adefinite bottom formation. In the next few Months the stock appears to be headed towards 240…330
ICRA has reaffirmed the long-term rating at [ICRA]A (Stable) (pronounced ICRA A) for Rs. 50 crore fund-based limits of Ashiana Housing Ltd from Bank. The outlook on the long-term rating is Stable.