External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>We expect Revenues/EBIDTA/APAT to grow at a CAGR of 14%/19%/26% respectively over FY21-23E and value KEC International at 13x(12.5x earlier) FY23E EPS of Rs 34 to arrive at a target price of Rs 445/share, implying an upside of 11% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We expect Revenues/EBIDTA/APAT to grow at a CAGR of 14%/19%/26% respectively over FY21-23E and value KEC International at 13x(12.5x earlier) FY23E EPS of Rs 34 to arrive at a target price of Rs 445/share, implying an upside of 11% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEC International

Company Update:K E C Intl.