Accumulate KEC International, target price Rs 473: Prabhudas Lilladher
KEC International's tender pipeline remains healthy at 1.1 lakh crore (domestic around 50 per cent), of which orders worth nearly Rs 30,000 crore have already been tendered out. Margins are expected to improve from H2FY23 and are likely to reach double digits by FY24, said Prabhudas Lilladher.