Anand Rathi is bullish on Kirloskar Brothers has recommended buy rating on the stock with a target price of Rs 392 in its research report dated October 29, 2018.
The focused budgetary measures directed at rural India aim to realize the 2022 goal and give the desired push in an election year –thereby killing two birds in one shot.
Over the past few years, it has expanded its reach (particularly in international markets) and added huge manufacturing capacity with focus on high-value products and branding. These past efforts are now expected to yield results.
Way2Wealth has recommended hold rating on Kirloskar Brothers in its August 02, 2013 research report. According to the research firm, company's product business continues to do well aided by incremental capacity & high margins which will be cash accretive & with reduced thrust on its project business.
Way2Wealth is bullish on Kirloskar Brothers and has recommended buy rating on the stock in its November 20, 2012 research report.