Brics PCG recommends 'Buy' on KEC International at Rs 230 with a target price of Rs 411.The company has reported a decent net profit growth of 54.4 per cent during Q1FY07 even though sales grew by a marginal 8.9 per cent. The company's sales and operating profit are expected to grow at CAGR estimates of 22.7% and 21.4% for FY07 and FY08 respectively, as new contracts will start adding to revenues in Q3.The company also has strong order book of Rs 2800 crore, its highest-ever order position.
