BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Nomura Maintains Buy On KEC International
"We value KEC International (KECI) at 13 times FY23 forward earnings per share (EPS) of Rs 33.5 to arrive at our target price of Rs 435; and maintain our Buy rating. Key risks include a delay in Indian T&D tendering, a rise in working capital levels and a rise in commodity (steel) prices," Nomura said in a report.