Buy KEC Intl; target of Rs 164: Anand Rathi

Anand Rathi is bullish on KEC Intl has recommended buy rating on the stock with a target price of Rs 164 in its research report dated June 28, 2016.

June 30, 2016 / 16:14 IST

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Anand Rathi's research report on KEC Intl

To further de- risk its business model, management in tends to diversify into east Asia (Indonesia, Thailand, Malaysia) and the SAARC nations. In MENA, efforts are underway to expand into Jordan, the UAE and Egypt. Besides geographic expansion, management intends to broaden its service offerings to de-risk the business from the vagaries of any one segment.

At the CMP, the stock trades at PE of 15.3x FY17e and 12.7x FY18e. We value it at a PE of 15x FY18e to arrive at a target of Rs. 164. 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.

first published: Jun 30, 2016 04:14 pm

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