Street View - India's KEC International set for better days on strong infra demand
BUZZ-Street View - India's KEC International set for better days on strong infra demand ** Indian infrastructure engineering firm KEC International KECL.NS secured new orders worth 13.03 billion rupees ($136.03 million) across transmission and distribution, civil, renewables and cables businesses
** Shares of rise 1.34% to 502.50 rupees in Mumbai
TRANSMISSION, RENEWABLES SUPPORT OUTLOOK
** HDFC Securities ("add", TP: 557 rupees) says strong bid pipeline and focus on higher-value transmission projects could support profitability and order inflows over longer term, despite near-term execution challenges
** Motilal Oswal ("buy", TP: 630 rupees) says demand remains strong across domestic and international transmission markets, driven by renewable energy expansion, grid investments and data centre-linked demand in the U.S.
** Dolat Capital ("buy", TP: 630 rupees) says record order book, and rising demand linked to energy transition position KEC for sustained growth, though margin recovery remains key monitorable
** ICICI Direct says co's new orders across segments reflect healthy execution momentum, improve revenue visibility going forward
($1 = 95.7850 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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