Buy KNR Constructions, target price Rs 315: Motilal Oswal

Motilal Oswal has buy call on KNR Constructions Ltd. with a target price of Rs 315. The current market price of KNR Constructions Ltd. is Rs 264.15.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7430.22 Crore) operating in Infrastructure sector.

KNR Constructions 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 30-06-2023, the company reported a Consolidated Total Income of Rs 988.60 Crore, down -21.25 % from last quarter Total Income of Rs 1255.43 Crore and down -.20 % from last year same quarter Total Income of Rs 990.57 Crore. Company reported net profit after tax of Rs 127.88 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.09 per cent stake in the company as of 30-Sep-2023, while FIIs owned 6.61 per cent, DIIs 32.27 per cent.