• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Recommendations

Feb 17, 2017, 10.51 AM | Source: Moneycontrol.com

Accumulate KNR Constructions; target of Rs 194: Geojit BNP

Geojit BNP Paribas has recommended accumulate rating on KNR Constructions with a target price of Rs 194 in its research report dated February 16, 2017.

Like this story, share it with millions of investors on M3

Accumulate KNR Constructions; target of Rs 194: Geojit BNP

Geojit BNP Paribas has recommended accumulate rating on KNR Constructions with a target price of Rs 194 in its research report dated February 16, 2017.

Post Your Comments

Share Cancel

(more)

, Geojit BNP Paribas |


Geojit BNP Paribas' research report on KNR Constructions

Q3FY17 revenue grew by 88% to Rs 382cr, which is above our estimate. KNR has successfully withstood the disruptions in execution on account of demonetisation. In the near term, the EPC projects in Tamil Nadu are likely to get impacted due to the current political chaos.

Outlook

We increased FY17E and FY18E PAT estimates by 12% & 8% respectively, factoring better execution. Sound balance sheet and the earnings visibility keep KNR in premium valuation. We rollover our valuations to FY19E EPS at a PE of 14x and BOT projects at 1xP/B to arrive at SOTP target price Rs 194 with ‘Accumulate’ rating.

For all recommendations, click here

Disclaimer:
The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Accumulate KNR Constructions; target of Rs 194: Geojit BNP

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login