03 Apr 2026 | 5 Mins Read
Emkay sees 36% upside for Kalpataru, driven by data centres
Flipitmoney
Emkay Global maintained its Buy rating on Kalpataru Projects International (KPIL), anticipating a 36.2% upside to Rs 1,450 due to limited West Asia exposure. The brokerage house is optimistic about the company's growth drivers in T&D and B&F segments, citing energy transition and grid modernisation. Key challenges include operational issues at domestic plants and the Brazilian subsidiary Fasttel.