Buy KEC International; target of Rs 1100: Sharekhan
Wed, Nov 6, 2024 3:56 PM

Buy KEC International; target of Rs 1100: Sharekhan

A Flip by Avya Verma
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KEC International's order book reaches a record high of Rs. 42,500 crore, representing a 2.5x revenue potential, driven by a 70% year-over-year growth in the T&D segment. The company's operating profits grew 17% with improved margins of 6.3%. Sharekhan maintains a "Buy" rating with a revised target price of Rs. 1100, backed by a strong earnings outlook.

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