KNR Construction Research Report By Karvy

Tagged: Karvy, KNR Construction

This topic has 0 replies, 1 voice, and was last updated 9 years, 8 months ago by Vidhi Khanna.

Viewing 1 post (of 1 total)

Author

Posts
March 27, 2015 at 8:02 pm #1920

Vidhi Khanna
Keymaster

We believe that long term fundamentals of KNR are still in place with robust revenue growth (led by a ramp-up in project execution and strong order inflow) and healthy EBITDA margin, which will drive its profitability during FY16-17E. The recent stock price correction (24% in last 15 days) without any change in the fundamentals would enhance investor interest. We upgrade the stock to BUY from HOLD and maintain our SOTP target price of Rs502.

KNR_Construction_Karvy_2601315
Author

Posts

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.