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Last Updated : May 09, 2019 04:48 PM IST | Source:

Buy KEC International; target of Rs 375: Sharekhan

Sharekhan is bullish on KEC International has recommended buy rating on the stock with a target price of Rs 375 in its research report dated May 08, 2019.

Broker Research @moneycontrolcom
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Sharekhan's research report on KEC International

We have fine tuned our estimates for FY2020-FY2021, factoring management's revenue guidance and lower interest. KEC reported stable Q4FY2019 operational performance. However, increased interest expense and lower other income led to lower-than-expected profitability. Management has guided for 15-20% revenue guidance and KEC is expected to deliver strong growth on increased scalability in non-T&D business and stable execution in the T&D segment. We expect 21% earnings CAGR over FY2020-FY2021E given healthy order backlog and ability to ramp-up execution.


We maintain Buy on KEC International Limited (KEC) with unchanged price target of Rs. 375.

For all recommendations report, click here

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

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First Published on May 9, 2019 04:48 pm
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