Buy KNR Constructions, target price Rs 310: Motilal Oswal

Buy KNR Constructions, target price Rs 310: Motilal Oswal
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Synopsis

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 3551.29 Crore) operating in Infrastructure sector.

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Promoters held 55 per cent stake in the company as of June 30, 2020, while FIIs held 1.6 per cent, DIIs 34 per cent and public and others 9.3 per cent.

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Motilal Oswal has given a buy rating to KNR Constructions with a target price of Rs 310. The share price moved down by 0.16 per cent from its previous close of Rs 252.55. The stock’s last traded price is Rs 252.15.
KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 3551.29 Crore) operating in Infrastructure sector.

KNR Constructions Ltd. key Products/Revenue Segments include Income From Contracts which contributed Rs 2221.99 Crore to Sales Value (99.00 % of Total Sales) and Other Operating Revenue which contributed Rs 22.25 Crore to Sales Value (0.99 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 522.53 Crore, down 28.44 % from last quarter Sales of Rs 730.14 Crore and down 1.54 % from last year same quarter Sales of Rs 530.72 Crore. The Company reported net profit after tax of Rs 41.95 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55 per cent stake in the company as of June 30, 2020, while FIIs held 1.6 per cent, DIIs 34 per cent and public and others 9.3 per cent.

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