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Last Updated : Apr 13, 2018 03:55 PM IST | Source: Moneycontrol.com

Buy Genus Power Infrastructure; target of Rs 79: Kotak Securities

Kotak Securities is bullish on Genus Power Infrastructure has recommended buy rating on the stock with a target price of Rs 79 in its research report dated April 12, 2018.

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Kotak Securities' research report on Genus Power Infrastructure

We recently met the management of Genus Power (GPIL). The management was very positive on the demand outlook for meters. Our interaction with other industry players also corroborates this view.

Outlook

After the order win of smart meters in Q3FY18, news-reports indicate that GPIL is the lowest bidder in prepaid meter tender. Based on robust demand outlook, we project strong revenue and earnings growth. We reiterate BUY with a target price of Rs 79 (21x FY20E).

For all recommendations report, click here


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First Published on Apr 13, 2018 03:55 pm
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