Want to become rich? This share can give WHOPPING 50% returns in one year, say experts

Stock Market: How to become rich is a most puzzling question for an investor because his or her investments may give better routers but even after booking a whopping profit an investor has to remain content with a feeling that he could have earned more if it had maintained a proper strategy. Some times, an investor's income goes down as he or she shows a kind of hurry to book profit after a certain amount of return, especially if he or she is a stock market investor. KNR constructions is one such stock that can give high returns to a stock market investor if he or she buys KNR Construction shares at current levels of Rs 253 and remain invested for at least one year, say experts. According to the share market experts, KNR construction share price may skyrocket up to Rs 378 per stock levels in one year and hence an investor should buy this counter for one year term.

Speaking on the KNR Construction shares Dipen Sheth, Head- Institutional Research at HDFC Securities said, "KNR Constructions is the only listed EPC player with near-zero long-term debt, since its listing. Of the Rs 3.1 bn in gross debt, Rs 2.1bn is from promoters. Net D/E (including this debt) is 0.2x only. KNR Construction's book of Rs 67bn (2.6x FY20E revenue) lends strong growth visibility. We expect 20/19% FY19-21E Rev/APAT CAGR. KNR has secured orders worth Rs 18bn during 1HFY20E. With Rs 10-15bn of NHAI project wins expected across EPC and HAM, it is on course to achieve order inflow guidance for FY20 (Rs 30bn)." He said that KNR’s credit rating and track record has ensured funding lines from financial institutions despite the recent reluctance of financial institutions to lend to infra companies. 

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On suggestion to the share market investors in regard to the KNR Construction shares, Dipen Sheth said, "One can buy KNR construction shares for the target of Rs 378 in long-term horizon means for at least one year."

Highlighting the reason for the rise in KNR constructions share price Prakash Pandey, MD & CEO at Plutus Advisors said, "After the launch of National Infrastructure Pipeline project worth Rs 102 lakh crore by the finance minister Nirmala Sitharaman yesterday, the infrastructure sector is expected to pick up momentum in coming times. Since KNR constructions is an infra company, it is expected to get the benefit of this Modi Government's NIP launch. Apart from this, KNR Construction is showing a breakout on both daily and weekly charts. Hence, I would recommend share market investors to take buy position in KNR construction at the current price for the target of Rs 300 in one to two months." However, Pandey said that one must maintain the stop loss at Rs 230 per stock levels.