Axis Securities Names Kalpataru, RITES, GR Infraprojects Top Picks
· Business · LiveMint, Economic Times
Axis Securities has identified Kalpataru Projects International, RITES, and GR Infraprojects as its top conviction infrastructure picks following a mixed Q1FY27 performance across the sector. While road infrastructure companies faced revenue pressure, the brokerage noted a 47% year-on-year jump in profitability, bolstered by exceptional items from PNC Infratech and KNR Construction. In contrast, non-road infrastructure firms delivered stronger growth, supported by healthy project execution and robust order books. Kalpataru Projects International remains a key recommendation with a target price of ₹1,500, underpinned by a ₹66,607 crore order book as of June 30, 2026. The brokerage maintains a bullish outlook on these firms, citing their diversified project pipelines and financial strength.
Why it matters
Investors tracking the infrastructure sector can use these recommendations to evaluate potential long-term growth prospects in both road and non-road segments. The report clarifies which companies are demonstrating superior execution and order book stability despite broader industry revenue challenges.
Read the original report — LiveMint
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