ICICI Direct has given Buy recommendation for Kalpataru Power with a target price of Rs. 550 in its research report issued on Aug 05, 2021

ICICI Direct’s research report on Kalpataru Power

Kalpataru Power (KPTL) is among the leading EPC players in key infrastructure sectors such as power T&D, railways, oil & gas pipeline, urban infrastructure, buildings & factories, water, etc. Focus on strengthening core EPC business in India and overseas markets Strong capabilities across business verticals with growing international presence (60+ countries) contributed ~46% of revenue in FY21

Outlook

We remain long term positive and retain our BUY rating on the stock. We value KPTL at Rs 550 on an SoTP basis

 

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