Buy Simplex Infrastructure; target of Rs 333: Kotak Securities
Kotak Securities is bullish on Simplex Infrastructure has recommended buy rating on the stock with a target price of Rs 333 in its research report dated November 21, 2018.
November 23, 2018 / 11:34 AM IST
Kotak Securities' research report on Simplex Infrastructure
Simplex Infrastructure results for Q2FY19 were lower than our expectations on revenues and profit front. Margins stood in line with estimates. Order inflow was weak during the quarter but is likely to improve going forward. Execution is also likely to ramp up in H2FY19.
We arrive at a revised price target of Rs 333 based on 10x FY20 estimates. We continue to maintain BUY on Simplex Infrastructure.
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.