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Last Updated : May 13, 2019 04:39 PM IST | Source: Moneycontrol.com

Buy Kalpataru Power Transmission; target of Rs 552: Sharekhan

Sharekhan is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 552 in its research report dated May 10, 2019.

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Sharekhan's research report on Kalpataru Power Transmission


Robust order execution across segments led to 29% y-o-y revenue growth, however margins fell due to higher material cost, employee cost and contracting expense. As KPTL is the L1 bidder for orders worth over Rs. 1,500 crore and has an order backlog of Rs. 14,068 crore, revenue visibility is strong for two years.


Outlook


We maintain Buy on Kalpataru Power Transmission Limited (KPTL) with an unchanged price target of Rs. 552 on an SoTP basis, factoring in healthy execution on a strong order backlog.


For all recommendations report, click here


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First Published on May 13, 2019 04:39 pm
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