Buy KNR Constructions, target price Rs 330: JM Financial

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

By ETMarkets.com | Nov 20, 2023, 10.18 AM IST

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.

JM Financial has buy call on KNR Constructions with a target price of Rs 330. The current market price of KNR Constructions Ltd. is Rs 283.1.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7960.35 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 30-09-2023, the company reported a Consolidated Total Income of Rs 1043.79 Crore, up 5.58 % from last quarter Total Income of Rs 988.60 Crore and up 7.43 % from last year same quarter Total Income of Rs 971.58 Crore. Company reported net profit after tax of Rs 142.54 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.

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