Edelweiss is bullish on KNR Constructions has recommended buy rating on the stock with a target price of Rs 201 in its research report dated February 14, 2017.
Edelweiss' research report on KNR Constructions
KNR’s order book at Q3FY17 end stood at INR 42bn (3.1x TTM revenue). Healthy order book, strong execution skills and robust balance sheet render KNR one of the best bets in the EPC space. Maintain ‘BUY’ with SoTP‐based target price of INR 201, as we roll over to FY19E.
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