India's Kalpataru Projects International slips on Q1 profit fall

ABB India

30/07/2024 08:01

** Shares of Kalpataru Projects International  KAPT.NS  fall
2% to 1,328 rupees    
    ** Construction and engineering co reported a 19% Y/Y fall
in Q1 consolidated net profit as expenses jumped 9.2%
    ** Analysts covering the stock, on avg, have a "buy" rating
vs "hold" on peers KEC International  KECL.NS , ABB India
 ABB.NS  and Thermax  THMX.NS  - LSEG data
    ** Median PT on KAPT is 1,250 rupees - LSEG data
    ** Stock up ~13% so far this quarter


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))