Buy KNR Constructions, target price Rs 350: HDFC Securities

HDFC Securities has buy call on KNR Constructions with a target price of Rs 350. The current market price of KNR Constructions is Rs 257.45. Time period given by analyst is one year when KNR Constructions Ltd. price can reach defined target.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 7210.86 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-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 990.57 Crore, down -11.71 % from last quarter Total Income of Rs 1121.91 Crore and up 21.98 % from last year same quarter Total Income of Rs 812.09 Crore. Company reported net profit after tax of Rs 92.26 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.63 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.73 per cent, DIIs 33.29 per cent.