Top Sector Ideas - Infra-Road Sector
During the quarter, companies under our coverage reported Revenue/EBITDA/APAT growth of 9%/3%/8% against expectation of 9%/5%/6% YoY backed by...
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HSIE Results Daily: JK Cement, KNR Constructions, NOCIL, Heidelberg Cement, Deccan Cements
JK Cement: We maintain our REDUCE rating on JK Cement (JKCE), with a revised TP of INR 2,755 (11x Mar-25E consolidated EBITDA)
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KNR Constructions Ltd - Robust Execution; New Order Inflow Important Catalyst
KNR Constructions Ltd. (KNRCL) reported revenue of Rs 1,176 Cr (up 16% YoY), EBITDA of Rs 212 Cr (2% YoY), and APAT of Rs 129 Cr (14% YoY).
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Pick of the Week:24 Apr 2023 - KNR Constructions Ltd
KNRCL is one of India’s leading infrastructure companies that provide Engineering, Procurement and Construction (EPC) services.
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Industrials - Stable Awards, Pick-Up in Execution
In Q4FY23, the NHAI awarded 74 projects, of which 55 were HAM projects worth INR 455bn and 16 were EPC projects worth INR 215bn
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