>McNally Bharat(ANAND RATHI)

Re-iterate Buy. McNally Bharat reported strong revenue and
earnings growth for 2Q. Faster execution of projects helped
revenue beat our estimates, while earnings were in line. We reduce
earnings estimates (mainly to account for higher interest costs)
and cut our target price to Rs85 from Rs168. Maintain Buy.

Read full report here McNally Bharat(ANAND RATHI)