Axis Securities initiates coverage on Kalpataru Projects with a buy call, target price Rs 1,590

Axis Securities recommends buying Kalpataru Projects International with a target price of Rs 1,590. The company operates in the power sector and has a market cap of Rs 22,281.55 crore. Kalpataru Projects reported a consolidated total income of Rs 4,946.98 crore for the quarter ended September 2024. Promoters hold a 35.24% stake in the company.