IIFL Research's Market Watch: Buy Kec Intl. with Target ₹ 775

IIFL Research has buy call on Kec Intl. at current market price of Rs 750.4. The target price of Kec Intl. is Rs 775.

About Kec Intl.:

KEC International Limited (KEC), a subsidiary of RPG Group, is a global infrastructure Engineering, Procurement and Construction (EPC) major. With its headquarters in Mumbai, India, KEC has a presence in over 30 countries across five continents. The company primarily focuses on power transmission and distribution, railways, civil, and oil & gas sectors. KEC offers a comprehensive range of services including design, procurement, construction, installation, testing and commissioning, as well as operation and maintenance. The company has a strong track record and has executed several landmark projects globally. With its expertise and commitment to quality, KEC is well-positioned to capitalize on the growing infrastructure需求 worldwide.

52 Week Price Trend:

KEC International Limited (KEC) is currently trading at Rs 750.4, within the 52-week price range of Rs 442.8 to Rs 747.7. The stock has been showing a positive trend in recent years, with the current price being significantly higher than the 52-week low. However, it is approaching the 52-week high, suggesting that investors should be cautious and monitor the trend closely before making any investment decisions.

Stratzy's Analysis:

KEC has been rated AAA by Stratzy's MOST Framework, indicating extremely low fundamental risks. This rating is based on the company's strong management, positive outlook, excellent safety record, and favorable market trend. The AAA rating suggests that KEC is a stable and reliable investment with minimal risk of financial distress or operational challenges.

Company's Fundamentals:

KEC International Limited currently trades at a Stock PE (Price-to-Earnings) ratio of 64.57, indicating that investors are willing to pay 64.57 times its earnings per share. The company has a Price-to-Book (PB) Ratio of 4.49, suggesting that its market value is 4.49 times its book value. Additionally, KEC offers a dividend yield of 0.45%, which indicates the annual dividend payout as a percentage of its current stock price. These metrics provide insights into the company's valuation, financial performance, and dividend distribution policy, helping investors make informed investment decisions.

Fundamental and Technical information provided in this blog were last updated on 09 Mar, 2024

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