KEC International - 24% upside
Valuation: The company has consistently delivered healthy margins with sustained focus on profitability. Company continues to maintain its leadership position in the T&D Industry despite muted global business scenario. It has a significantly scaled Substation Business portfolio and building upon success in the domestic market, thus it is expected that the stock will see a price target of Rs215 in 8 to 10 months time frame on a current P/ E of 18.32x and FY18 (E) earnings of Rs11.76.
Mirza International - 22% upside
Valuation:The company has strong fundamentals and robust outlook. lVbreover, the management of the company main focus is to strengthen its brands in domestic and international market and developing strategies for penetration into high growth markets. In the forthcoming years, the company expects a better all round performance. Thus, it is expected that the stock will see a price target of Rs112 in 8 to 10 months time frame on a one year average P/ E of 14.45x and FY18 Earnings of Rs7. 74.
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