Buy Kalpataru Power Transmission; target of Rs 300: Dolat Capital

Dolat Capital is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 300 in its research report dated July 27, 2020.

Broker Research

July 28, 2020 / 12:01 PM IST

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Dolat Capital's research report on Kalpataru Power Transmission

KTPL has laid out a three- pronged strategy of disciplined bidding to protect margins, improve WC and liquidate non-core assets. It is targeting becoming debt free in FY21, mainly from proceeds from selling transmission assets. Similar to KEC, it has also diversified with rail and oil & gas as key areas.

Outlook

In international markets, it has recently increased its presence in Europe and has identified Latin America as the future market.

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