Overweight on Kalpataru Power: HSBC Global

HSBC Global Research maintains an overweight position on Kalpataru Power Transmission on the back of positive fourth quarter results and steady order inflows.

“Given strong order book and good visibility on revenues, we continue to find the stock attractive; we maintain our OW rating on the stock,” the HSBC report said. Consolidated order book of Kalpataru is worth Rs 11,600 crore.

Kalpataru Power Transmission closed over 3% lower at Rs 78.50 on BSE on Wednesday. HSBC Global Research has assigned a target price of Rs 135 for it.