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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy KNR Construction; target of Rs 320: Anand Rathi

Anand Rathi is bullish on KNR Construction has recommended buy rating on the stock with a target price of Rs 320 in its research report dated November 16, 2020.

November 30, 2020 / 10:31 AM IST

Anand Rathi's research report on KNR Construction


With monetisation proceeds from its Walayar-Vadakancherry BOT-toll, KNR’s balance sheet is at its strongest in many years. It could have been sturdier were it not for the protracted receivables cycle for Telengana irrigation orders. With these payments already started to flow in and the swifter-than-expected return of execution efficiency, KNR appears set to continue its industry-leading performance.


Outlook


On its sturdier balance sheet, ample assurance and proven execution capabilities, we raise our rating to a Buy, with a TP of Rs320 (from Rs293).


For all recommendations report, click here


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Broker Research
first published: Nov 30, 2020 10:31 am

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