>ORBIT CORPORATION: A Mumbai Play (AMBIT CAPITAL)

Orbit Corporation (OCL), focused on Mumbai redevelopment, is well positioned to benefit from recovery in the financial services sector. We like the attractively located land bank, improving sales and steadily improving balance sheet. The stock is trading at Rs 297, at sharp discount to a 1X NAV based target price of Rs 350, implying upside of 18%. We recommend Buy.

To read the full report: ORBIT CORPORATION