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Last Updated : Mar 20, 2019 04:25 PM IST | Source: Moneycontrol.com

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 March 13, 2019.

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Sharekhan's research report on KEC International


Order backlog remains strong (2x TTM) and order inflow visibility remains healthy in international T&D and railways. Introduced FY2021E numbers and expect revenue and earnings CAGR of 15% and 17%, respectively, over FY2018-FY2021E.


Outlook


We maintain our Buy rating on the stock of KEC International Limited (KEC) with a revised price target of Rs. 375, factoring strong execution on an all-time high order book for FY2019-FY2021E.


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.




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First Published on Mar 20, 2019 04:25 pm
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