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Last Updated : Mar 20, 2019 04:20 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 March 15, 2019.

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Sharekhan's research report on Kalpataru Power Transmission


Order book strengthens (2.2x TTM) with recent order wins and order inflow visibility in railways, oil & gas provides incremental opportunities. Introduced FY2021E numbers and expect revenue and earnings CAGR of 17% and 19%, respectively, over FY2018-FY2021E.


Outlook


We maintain Buy on the stock with a revised price target of Rs. 552 on a SoTP basis, factoring in healthy execution on a strong order backlog.


For all recommendations report, click here


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First Published on Mar 20, 2019 04:20 pm
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