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    HomeNewsBusinessStocksBuy J Kumar Infraprojects; target of Rs 971: Anand Rathi

    Buy J Kumar Infraprojects; target of Rs 971: Anand Rathi

    Anand Rathi is bullish on J Kumar Infraprojects has recommended buy rating on the stock with a target price of Rs 971 in its research report dated February 06, 2025.

    Broker Research
    February 07, 2025 / 11:19 IST
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    Anand Rathi's research report on J Kumar Infraprojects

    J Kumar's execution velocity grew accompanied by steady margins, and a sound balance sheet. Together, these can facilitate a greater scale of operations ahead. Order additions gained momentum post H1 FY25, with inflow of ~Rs36bn and L1 of ~Rs50bn. The government's intention to lever capital investment to spur economic growth was reassured in the recent Budget.

    Outlook

    We see the company emerging as one of the beneficiaries of enhanced infrastructure spending (especially the increased allocation to metro projects in the Budget). On the positive outlook, we upgrade to a Buy with a higher TP of Rs971 (earlier Rs909).

    For all recommendations report, 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.

    J Kumar Infraprojects - 07022025 - anand

    Broker Research
    first published: Feb 7, 2025 11:19 am

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