Best Stocks to Buy Today : IIFL Securities's call on Kec Intl.

IIFL Securities recommends buying Kec International (KEC) with a target price of Rs 900, representing an upside potential of around 4.6%. The brokerage firm believes that KEC's recent order wins, strong execution capabilities, and improving balance sheet position make it an attractive investment opportunity. The current market price of KEC is Rs 860.15, implying a potential return of over 10% if the target price is reached.

About Kec Intl.:

KEC International Limited (KEC), a subsidiary of RPG Enterprises, is an Indian engineering, procurement, and construction (EPC) company specializing in power transmission and distribution, railways, civil, and smart infrastructure. Founded in 1990, KEC has a global presence with operations in over 30 countries. The company offers turnkey solutions for power transmission and distribution projects, including substation engineering, transmission line construction, and distribution system upgradation. Additionally, KEC provides EPC services for railway infrastructure, such as electrification, signaling, and track-laying. The company also executes civil and industrial infrastructure projects, including roads, bridges, and buildings.

52 Week Price Trend:

Kec International (KEC)'s current market price (CMP) of Rs 860.15 falls within its 52-week range of Rs 442.8 to Rs 747.7. The stock has witnessed significant growth since its 52-week low, indicating positive market sentiment. However, it still has room to reach its 52-week high, suggesting potential for further appreciation. Investors considering KEC should assess the company's fundamentals, industry outlook, and overall market conditions before making any investment decisions.

Stratzy's MOST Analysis:

KEC has received an AAA rating from Stratzy's MOST framework, indicating that it has low fundamental risks. This rating is based on the company's strong management, positive outlook, adherence to safety protocols, and favorable industry trends. The AAA rating suggests that KEC is a financially stable company with a solid track record and promising future prospects.

Company's Fundamentals:

Kec Intl. (NSE: KEC) is a leading engineering, procurement, and construction (EPC) company in the power sector. Its stock currently trades at a price-to-earnings (PE) ratio of 64.57, indicating that investors are willing to pay a premium for its earnings potential. The company's price-to-book (PB) ratio of 4.49 suggests that its market value is significantly higher than its book value. KEC pays a dividend yield of 0.45%, which is relatively low compared to the industry average. This indicates that the company is reinvesting a substantial portion of its earnings back into the business for growth.

Fundamental and Technical information provided in this blog were last updated on 13 Jun, 2024

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