J Kumar Infra Share Price Skyrockets: A Promising Investment Opportunity
📈 J Kumar Infra, a leading market-making stock, is attracting investors’ attention in the share market, especially in the infrastructure sector. The company is expecting to receive significant government orders before the elections, as it primarily focuses on metro rail and urban projects. In fact, global brokerage firm CLSA has increased its investment target for the stock by up to 87%.
🏗️ CLSA suggests that the government is emphasizing climate-resistant infrastructure, which presents a great opportunity for J Kumar Infra to secure large orders in the growing climate-resistant infrastructure sector in the country. Additionally, with the increasing urbanization, the company’s order book is expected to grow, particularly in metro rail and urban projects.
💰 On Wednesday (27th December 2023), J Kumar Infra’s share price rose by 5.46% to reach ₹626 in trading. The company has a strong foothold in metro rail and urban projects, which could benefit from the government’s policies. Brokers anticipate an increase in government orders before the Lok Sabha elections.
🎯 J Kumar Infra aims to achieve an order book of ₹25,000 crores by the financial year 2027. As of the end of the second quarter on 30th September, the total order book stood at ₹16,500 crores. CLSA also highlights that the stock’s valuation is attractive and recommends buying, setting a target price of ₹720, an increase of 87% from ₹385.
📈 Share hits upper circuit: J Kumar Infra’s shares witnessed a significant surge due to the brokerage upgrade. The share price reached a high of ₹593.50, a 20% increase. In just one month, the share price has risen by more than 40%. Over the past year, the stock has provided returns of over 100%.
So, if you’re looking for a promising investment opportunity, J Kumar Infra appears to be an attractive choice. With its focus on metro rail and urban projects, potential government orders, and positive market trends, the company’s share price is on a bullish trajectory. Don’t miss out on this potential opportunity to grow your investment portfolio!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
