May 9, 2019 / 4:39 AM / in 15 days

BUZZ-India's KEC International slips after missing Q4 estimates

** Shares of KEC International Ltd fall as much as 4.2 pct to 282.25 rupees, their lowest since April 11

** Co posted a profit of 1.99 bln rupees on Wednesday, which was below analysts’ estimates of 2.13 bln rupees, according to Refinitiv eikon data

** Key risks include continued deferral of domestic orders and rising working capital, Emkay Global Financial Services said in a note

** Co’s estimated PE of 14.87 is below the sector avg of 17.84, which includes Larsen & Toubro Ltd and Voltas Ltd

** Brokerages generally bullish on stock with 19 of 22 covering it have a ‘buy’ or equivalent rating, two ‘hold’ and only one has ‘sell’; Median PT of 344.05 rupees

** Co has lost 2.26 percent in market value this year as of Wednesday’s close

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