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
 
 
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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.


Outlook


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


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first published: Nov 23, 2018 11:34 am

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