Edelweiss is bullish on Kalpataru Power has recommended buy rating on the stock with a target price of Rs 362 in its research report dated February 14, 2017.
Edelweiss' research report on Kalpataru Power
We introduce and roll forward earnings on FY19E and maintain ‘BUY/SO’ with revised SoTP-based target price of INR 362 (earlier INR 323). We value the T&D business at 14x on FY19E EPS. The stock is currently trading at P/E of 14.7/12.5x FY18E/ FY19E SA EPS.
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