Gold Silver Reports (GSR) – Dilip Buildcon Surges After Kotak Securities Initiates Coverage – Shares of the Bhopal-based road developer rose as much as 2.9 percent to Rs 1,162 after homegrown brokerage — Kotak Securities initiated coverage on the stock with a ‘buy’ for a target price of Rs 1,365 per share.
Kotak Securities on a note said:
📌 Well-placed to leverage growing EPC opportunity in roads and beyond.
📌 Expect compounded growth rate of 8 percent in order inflow over the fiscal 2018-2022.
📌 Bharatmala to offer EPC opportunity of Rs 3.3 lakh crore in the next few years.
📌 Market share in NHAI ordering to improve to 17 percent by March 2022, compared to 15 percent clocked in the previous financial year.
📌 Healthy backlog and reasonable cash flow to service debt.
📌 Expect revenue, operating income and net profit to compound at 26 percent, 27 percent and 28 percent respectively through the financial years till March 2022.
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