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Buy Kalpataru Power Transmission, target Rs 549: SMC Global Securities

"Its diversification focus has led to success in securing significant orders in the non-T&D business with healthy margins. We have a buy on the stock with target of Rs 549 per share," says SMC Global Securities.

April 19, 2018 / 12:17 IST
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SMC Global Securities

Kalpataru Power Transmission is primarily engaged in the business of Engineering, Procurement and Construction (EPC) relating to infrastructure comprising power transmission and distribution etc.

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The company continues to focus on improving profitability, order visibility and return ratios as a result of improved margins and unlocking of capital from non-core assets. Its diversification focus has led to success in securing significant orders in the non-T&D business with healthy margins.

SMC Global has a buy on the stock with target of Rs 549 per share.