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Buy Kalpataru Power; target of Rs 385: Anand Rathi

Anand Rathi is bullish on Kalpataru Power has recommended buy rating on the stock with a target price of Rs 385 in its research report dated August 14, 2020.

August 17, 2020 / 05:07 PM IST
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Anand Rathi 's research report on Kalpataru Power

Despite Covid disruptions, Kalpataru Power posted better-than-expected results. Its healthy order book and execution ramp-up at various sites helped management remain upbeat and maintained its 5-10% revenue growth and 10.5-11% EBITDA margin guidance for FY21. Also, it is confident of bagging orders of `90bn-100bn. In accordance with the better-than-expected Q1 and healthy order backlog of `135bn, we have raised our revenue and margin. The ongoing monetisation of transmission assets is likely to significantly de-lever the balance sheet.


We maintain a Buy with a higher sum-of-parts-based TP of `385 (earlier `344).

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 17, 2020 05:07 pm

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