Buy KNR Constructions, target price Rs 375: ICICI Direct

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Buy KNR Constructions, target price Rs 375:  ICICI Direct


ICICI Direct has buy call on KNR Constructions with a target price of Rs 375. The current market price of KNR Constructions Ltd. is Rs 344.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 4842.86 Crore) operating in Infrastructure sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 655.88 Crore, up 25.52 % from last quarter Sales of Rs 522.53 Crore and up 11.72 % from last year same quarter Sales of Rs 587.07 Crore. Company reported net profit after tax of Rs 155.17 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55 per cent stake in the company as of Sept 30, 2020, while FIIs held 1.5 per cent, DIIs 34.3 per cent and public and others 9.1 per cent.





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