Buy KEC International: Rajesh Jain

Rajesh Jain, Market Strategist in an interview with ET Now talks about KEC International.

One of your picks is KEC International. What do you see in the stock?

KEC International, is of course likely to benefit from the acquisition of SAE Towers in the US. It has got an entry into the US markets, we expect an EBITDA and a bottom line expansion of close to 300 basis points due to this acquisition.

There is a lot of capacity available, which will be exploited, new products, particularly things like transmission poles, which will help. KEC has been working the telecom towers business as well and going forward I expect this stock to add a close to 20% in a year to 18 months time.

Given the tremendous benefits of synergy, which we will have with this US acquisition as well as the domestic market where it also has a presence in the turnkey execution segment.