KEC International share price expected to rise by 42 pct in 12 months: Here is what experts say
KEC International share price is expected to touch Rs 450 per share levels in a long-term perspective, say stock market experts.
At a time when the Indian stock market is doing range-bound trade and experts expect this trend to continue until the budget 2019 is tabled, share market investors are in catch-22. However, the stock market experts are also advising the market investors to follow the fundamental and technical chart of a particular stock as these details will either hold the stock if the budget 2019 is not in sync with the industry or further fuel the bull run if the union budget is in sync with their demand. KEC International stock is one such stock that can give 42 per cent returns in 12-months, says stock market experts.
Speaking on the fundamentals of the KEC International stock outlook Harshit Kapadia, Analyst at Elara Securities said, "Management expects a transmission & distribution (T&D) revenue CAGR of 15 per cent during FY20-23, led by the international T&D segment, including substations. It targets international T&D revenue to grow by 20 per cent in FY20."
On his suggestion to the share market investors, Harshit Kapadia of Elara Securities said, "From the fundamental perspective, the KEC International share price is expected to touch Rs 450 per share levels in long-term perspective means in 12-month times the share price of the counter may show Rs 450 per share levels." Currently, the stock is oscillating around Rs 316/stock levels means an investor can expect to register around 42 per cent on his or her investment in the counter, say experts.
Giving technical outlook about KEC International shares Simi Bhaumik, a SEBI registered technical equity analyst told Zee Business online, "The KEC counter looks strong in a short-term perspective and may show Rs 350-360 per share levels in one month." Simi went on to add that the KEC International share has strong support at Rs 290 per stock levels and advised investors to maintain a strict stop loss below Rs 290 per stock if an investor decides to take a buy position in the KEC International stock.