Buy KNR Constructions, target price Rs 367: HDFC Securities

HDFC Securities has buy call on KNR Constructions with a target price of Rs 367. The current market price of KNR Constructions Ltd. is Rs 243.25.

KNR Constructions Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6800.25 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 30-09-2022, the company reported a Consolidated Total Income of Rs 971.58 Crore, down -1.92 % from last quarter Total Income of Rs 990.57 Crore and up 13.87 % from last year same quarter Total Income of Rs 853.23 Crore. Company reported net profit after tax of Rs 98.51 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 5.73 per cent, DIIs 34.59 per cent.