India's KNR Constructions up on Axis Securities "pick of the week" call

KNR Constructions

24/04/2023 07:04

** Shares of KNR Constructions Ltd  KNRL.NS  up 2.3% at
239.85 rupees, set for biggest one-day gain since March 6
    ** Axis Securities calls the infrastructure company's stock
as the "pick of the week"
    ** Says robust growth visibility, favourable industry
tailwind, established track record augur well for KNRL
    ** Sees 17% CAGR in rev and 10% for core profit over FY22-25
    ** Axis Securities has a "buy" rating on the stock, with a
target price of 260 rupees
    ** The avg rating of the 19 analysts covering KNRL is the
equivalent of 'buy' and median TP is 308 rupees - Refinitiv data
    ** Despite the session's gains, the stock is down ~5.5% so
far in April, set for its worst month since Sept

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))