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Buy KNR Constructions; target of Rs 640:Firstcall

Firstcall is bullish on KNR Constructions and has recommended buy rating on the stock with a target price of Rs 640 in its research report dated December 15, 2015.

December 17, 2015 / 15:50 IST
     
     
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    Firstcall's reserach report on KNR ConstructionsKNR Constructions Limited (KNRCL) is among the leading infrastructure companies of India. Over the years, since its incorporation in 1995, through exemplary track performance of constructing landmark infrastructure projects in record time, KNRCL has moved to a special echelon. KNRCL’s strength lies in its ability to provide EPC services across various fast growing sectors namely construction and maintenance of roads, highways, flyovers and bridges. Its clientele in the road segment includes National Highway Authority of India (NHAI), state governments and private companies. The Company is also an established player in irrigation and water management segments. KNRCL has forayed into infrastructure projects independently as well as through collaborations. Its excellent track record of execution has made it the preferred partner for executing road projects. Collaboration with like- minded companies has enabled KNRCL to undertake high-value projects and increase its geographic presence. KNRCL has successfully completed 5,888 km of projects across 12 states in India. In-house specialised and construction equipment as against leasing the same and the services of skilled personnel are the Company’s key differentiators enabling its impressive performance. Leveraging its experience and expertise in the construction business, the Company is well-positioned to foray into new business areas while strengthening existing businessactivities.We recommend ‘BUY’ in this particular scrip with a target price of Rs.640.00 for Medium to Long term investment.For all recommendations, 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.

    first published: Dec 17, 2015 03:50 pm

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