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Bircs PCG: 'Buy' KEC International

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Our Markets Bureau Mumbai
Brics PCG recommends 'Buy' on KEC International  at Rs 230 with a target price of Rs 411.

The company has reported a decent net profit growth of 54.4 per cent during Q1FY07 even though sales grew by a marginal 8.9 per cent. The company's  sales and operating profit  are expected to grow at CAGR estimates of 22.7% and 21.4% for FY07 and FY08 respectively, as new contracts will start adding to revenues in Q3.

The company also has strong order book of Rs 2800 crore, its highest-ever order position.

 
 

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First Published: Aug 02 2006 | 10:32 AM IST

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