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Axis Securities Report
We initiate coverage of Kalpataru Projects International Ltd. with a Buy recommendation and a target price of Rs 1,590/share, implying an upside potential of 25% from the current market price. Kalpataru Projects, founded in 1981, is a prominent specialised EPC company with a strong global presence across 74 countries.
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The company has established itself as a key player in the international EPC market, leveraging its high-growth and diversified business model to deliver innovative solutions.
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Kalpataru Projects consistently focuses on creating sustainable value for diverse stakeholders, reinforcing its reputation as a reliable and forward-looking organisation.
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