Kotak Securities research report on Kalpataru Power Transmission“KPTL reported Q2FY15 results above our estimates on back of superior execution in T&D orders. Order intake remained weak in the quarter due to muted activity in domestic market. Management believes that the ordering should pick up through Q4FY15-FY16 on back of increased public spending in infrastructure space. In view of marginal upside to our unchanged target price of Rs 183, we maintain 'Accumulate' (Buy on dips) rating on company's stock,” says Kotak Securities research report.
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