IIFL Securities's Stock Pick Today: Buy Knr Constru with Target Rs 285

IIFL Securities has upgraded Knr Construction to a buy with a target price of Rs 285, implying a potential upside of 3.2% from the current market price of Rs 276.8. The brokerage firm believes that the company's strong order book, focus on execution, and potential benefits from infrastructure spending will drive growth in the coming quarters. Knr Construction is a construction and infrastructure company with a presence in various segments such as transportation, irrigation, and power.

About Knr Constru:

KNR Constructions Limited is an Indian infrastructure company. The company was incorporated in 1995 and is headquartered in Hyderabad, Telangana. KNR Constructions is primarily engaged in the construction of highways, bridges, flyovers, irrigation projects, and other infrastructure projects. The company has a presence in 17 states across India and has completed over 1,000 projects. KNR Constructions is also involved in the development of real estate projects and has a portfolio of over 4 million square feet of developed area. The company's revenue for the financial year 2022 was Rs. 5,305.26 crore (US$661.91 million), with a net profit of Rs. 415.39 crore (US$52.05 million).

52 Week Price Trend:

KNR Construction's current market price (CMP) of Rs 276.8 falls within the range defined by its 52-week high of Rs 305.5 and low of Rs 226.2. This indicates that the stock is currently trading closer to its 52-week high, suggesting a potentially bullish trend. However, it's essential to note that the stock's price can fluctuate significantly over time, and investors should carefully consider their risk tolerance and investment goals before making any trading decisions.

Stratzy's MOST Analysis:

KNR Constructions Limited (KNRCON) has received an AA rating from Stratzy's MOST framework. MOST stands for Management, Outlook, Safety, and Trend, and each pillar contributes to an overall score. KNRCON's strong management team, positive outlook, solid safety record, and industry-leading trend have earned it a high rating. This rating indicates that KNRCON has low fundamental risks and is a potentially sound investment based on the MOST framework.

Company's Fundamentals:

KNR Constru, listed on NSE, offers financial insights through key ratios. The Stock PE of 13.58 indicates the price investors pay for each unit of earnings. A PB Ratio of 2.46 suggests the company's market value is 2.46 times its book value, while a low Dividend Yield of 0.09% implies that investors prioritize growth over dividends.

Fundamental and Technical information provided in this blog were last updated on 28 May, 2024

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