BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on KEC International
KEC International sustained its margin improvement trajectory with 100 basis points expansion in margin to 8.7 per cent in Q1. Management maintained its 10 per cent revenue and 8.5 per cent margin guidance for FY17. We remain bullish on KEC, given strong 25 per cent earnings CAGR over FY16-18, improving return on equity led by healthy revenue growth visibility, and better profitability.