Analysts cut IRB Infra target on demonetisation

#nivezareview :Infra sector is one of the high cash business and as the demonetisation gave a major hit to entire economy, certain hiccups are expected. Apart from demonetisation, if looking at company performance, promoter’s stake is decreasing significantly. Return on equity is low as far as peers are concerned. Interest coverage ratio is on lower side as well. Analysing numbers, it looks like company might be capitalising interest cost too. Growth could be static coming few quarters. Trimming targets is an expected scenario. For more info Visit@ Niveza