External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>About the stock: KEC International (KEC) is one of the EPC majors in key infrastructure sectors such as power T&amp;D, railways, civil, urban infrastructure, solar, smart infrastructure, oil &amp; gas pipelines and cables.</p><ul><li>A strategic shift in portfolio from T&amp;D to non-T&amp;D (13% contribution in FY16 increased to 42% in FY21)</li><li>T&amp;D diversified across countries with entry into ~20 countries in last five years</li></ul><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>

About the stock: KEC International (KEC) is one of the EPC majors in key infrastructure sectors such as power T&amp;D, railways, civil, urban infrastructure, solar, smart infrastructure, oil &amp; gas pipelines and cables.A strategic shift in portfolio from T&amp;D to non-T&amp;D (13% contribution in FY16 increased to 42% in FY21)T&amp;D diversified across countries with entry into ~20 countries in last five yearsContent 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: Margins Impacted Amid Decent Execution