Moneycontrol PRO

Buy Karda Constructions; target of Rs 253: Khambatta Securities

Khambatta Securities is bullish on Karda Constructions has recommended buy rating on the stock with a target price of Rs 253 in its research report dated Jun 29, 2021.

July 30, 2021 / 10:41 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Khambatta Securities' research report on Karda Constructions


With over two and a half decades’ experience in Nashik, Karda Construction Limited (KCL) has a competitive advantage as a leading developer in its home turf where it is strongly positioned to cash in on the growth of the real estate market. The Nashik real estate market presents robust opportunities, given its location and robust infrastructure. The presence of projects across all key micro-markets in Nashik enables KCL to significantly benefit from the growth in the city’s real estate market. KCL is a prominent player in the affordable housing segment which is currently witnessing the fastest movement in inventory due to brisk uptake as a result of its affordability and strong demand in the market.



Outlook


We believe the robust growth potential and the imminent bonus share issue position KCL as a credible case for re-rating. Based on a P/E of 35.0x FY24E EPS, we rate KCL a BUY with a target price of Rs 253 and an upside potential of 30%.

Close

For all recommendations report, click here


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

Broker Research
first published: Jul 30, 2021 10:41 am
Sections
ISO 27001 - BSI Assurance Mark