ICRA Ltd an associate of Moody`s Investors Service, is primarily engaged in the business of providing investment Information and rating services. The company was incorporated on Jan. 16, 1991 and got its current name on Feb. 3, 1993.
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It was earlier recommended at a market price of Rs.399/-as on 14.11.08. The market price as on 7.6.2013 is Rs. 1010/-, i.e., a growth of 2.5 times in over four years. The price is likely to appreciate to Rs. 1200/- to Rs. 1300/- in next one year, i.e.,by March'13.
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It is likely to yield a compounded yearly returns of over @ 20% p.a during the next 5-10 years.
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