BSE Code: | NSE Code: | ISIN: | Sector:

NSE
213.05
Change Change %
-2.60 -1.21%

Updated:23 Oct, 2017, 15:55 PM IST

BSE
214.00
Change Change %
-2.70 -1.25%

Updated:23 Oct, 2017, 15:48 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
16-08-2017 Buy 221.50 277.00
N/A
Open Long (1Y)
16-08-2018

Nomura maintains buy on KNR Construction

KNR Construction's Q1 results were stringer than estimates at all levels. Strong underlying sales growth at 53% y-y highlights pick up in project execution in all major projects. With the exception of the Hubli-Hospet road project among key orders all other projects have recorded significant levels of revenue. Order inflows were weak across the sector thus the decline in orderbook does not come as a surprise.

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