Buy KNR Constructions, target price Rs 367: HDFC Securities

Buy KNR Constructions, target price Rs 367: HDFC Securities
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Synopsis

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6800.25 Crore) operating in Infrastructure sector.

Promoters held 51.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.73 per cent, DIIs 34.59 per cent.
Securities has buy call on KNR Constructions with a target price of Rs 367. The current market price of . is Rs 243.25.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6800.25 Crore) operating in Infrastructure sector.

Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 971.58 Crore, down -1.92 % from last quarter Total Income of Rs 990.57 Crore and up 13.87 % from last year same quarter Total Income of Rs 853.23 Crore. Company reported net profit after tax of Rs 98.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.73 per cent, DIIs 34.59 per cent.
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