Accumulate KNR Constructions; target of Rs 330: Geojit
Geojit recommended accumulate rating on KNR Constructions with a target price of Rs 330 in its research report dated November 28, 2023.
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Geojit recommended accumulate rating on KNR Constructions with a target price of Rs 330 in its research report dated November 28, 2023.
Over the past year, awarding of road projects has been below the target. In FY23, the National Highways Authority of India (NHAI) awarded 6,003 km of road projects compared with a target of 6,500 km. In the first half of FY24, MoRTH awarded road projects of close to 2,595 km during the period compared with a target of 12,500 km for FY24.
NHPC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints and has formed a bullish candlestick with upper & lower shadows on the daily scale with healthy volumes
KNR Constructions Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.
KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7963.16 Crore) operating in Infrastructure sector.