Maintain neutral view on HCC: Angel

MUMBAI: Angel Broking has maintained a neutral rating on HCC after the sharp upmove in the share price.

���HCC is expected to announce its results on Friday. We expect the company to post a modest top-line growth of 13.9% to Rs 1,202 crore. On the margin front we expect the margins to be flat at 12.2%.

Further, we expect the bottom-line to increase by 27.1% to Rs 33.6 crore. The stock has recently witnessed a sharp up move and has outperformed the BSE Sensex and has achieved out target price of Rs 55.

At current levels of Rs 58 we don���t see much upside for the stock and hence we maintain a Neutral view on the stock,��� the note said.