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.

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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.

For all recommendations report, click here

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first published: Jul 28, 2020 12:01 pm