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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