74.44
1.44%

Initiating Coverage

KamayaKya Wealth
Going forward, we estimate 25% revenue and 19% PAT CAGR till FY24, driven by the order book and infra push from GOI through NIP, as well as geographical expansion from foreign orders. We anticipate a FY24 P/E multiple of 12.8, which is below the 3-year median of 19.86. We arrive at a target price of Rs 70 which represents an upside of 25% from CMP, which we believe can be achieved within 12 months.
Dhruv Consultancy Services Ltd. is trading above its 100 day SMA of 73.7
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