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Edelweiss Securities : BUY Recommendation on J Kumar Infra ( Target Price Rs. 400 )

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CMP is Rs. 156 and Target Price Rs. 400. India 26 August 2016: The Mumbai Metro Rail Corporation (MMRC) has signed the contract agreement for Mumbai Metro Line 3 project with various contractors. The corporation has inked agreements with 4 civil contractors, including J Kumar Infra (JKIL), for 6 project packages. This will enable the contractors to claim mobilisation advances and start work

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