BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura initiates coverage on KNR Construction with buy
Nomura has initiated coverage on KNR Construction with buy for target price of Rs 277. It says India's road sector should see a significant revival in ordering and execution, led by an infrastructure push driven by government spending. In this new phase of growth, where early green shoots are already visible, we think the field will belong to newer companies with above-average execution skills and, importantly, strong financial position. Dilip Buildcon (DBL), PNC and KNR are examples of such competencies, Nomura adds.