The Heavy Civil Infrastructure Business Of L&T Construction Has Secured

The Heavy Civil Infrastructure business of L&T Construction has secured a prestigious order from Rail Vikas Nigam Limited for the construction of Rishikesh - Karanprayag Tunnel 2 package works comprising tunnels, bridges and formation works in the state of Uttarakhand.

Shares of KEC International gained 2.5 percent intraday on December 12 after Japanese brokerage firm Nomura has initiated coverage on the stock with a buy call and target price of Rs 388, implying 40 percent potential upside from current levels.

"Company's focus on growth with stable margins offers comfort and rising market share amid reduced competition is a key catalyst," the research house said.

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