Axis Securities has pegged a target price of Rs 1,475 for Kalpataru Projects International, reflecting an upside of 14% from the current price of Rs 1,294. The company is well-placed to capitalise on its strong order book, favourable sectoral trends in domestic and international T&D and B&F segments, improved performance of international subsidiaries, supportive government initiatives, and anticipated margin gains, Axis said in its recent note.
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