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Buy PSP Projects; target of Rs 519: YES Securities

YES Securities is bullish on PSP Projects has recommended buy rating on the stock with a target price of Rs 519 in its research report dated November 09, 2020.

November 11, 2020 / 12:53 IST
     
     
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    YES Securities' research report on PSP Projects

    The Company witnessed sharp pickup in execution during Q2 (as against Q1) with better labor availability. We expect the execution momentum to continue during H2 FY21. Operating margin is expected to remain healthy at ~11-13% levels. The bid pipeline is strong which would help achieve the targeted order inflows during H2 FY21.

    Outlook

    We largely retain our estimates for FY21/22 and maintain our BUY rating for target of Rs519.

    For all recommendations report, click here

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    Broker Research
    first published: Nov 11, 2020 12:53 pm

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