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.
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.
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.
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