Buy KEC with a target of 600: Gaurav Oza, AK Stockmart

Gaurav Oza, Sr. Equity Analyst, AK Stockmart in an interview with ET Now discusses KEC International.

What are the reasons that are propping the KEC International up?

In Indian power transmission market, there are three major players and the order backlog, which is expected from the 12th five-year plan is expected to be huge, so from that point of view, I like the whole power transmission space and KEC is one of them. KEC is one of the largest players. If you see the exposure in Indian market and international market, it would be around 50:50 and in international markets, it is mostly present into the high growing markets like Africa and Middle East, so that is a major reason. We recommend KEC as a buy with a target of around 600.