New Delhi, Sept. 27 -- Brokerage firm BoB Capital Markets has initiated coverage on on realty stock Knowledge Realty Trust (KRT), recommending 'hold'. The brokerage firm has given a target price of Rs.122 per share, seeing an upside potential up to 7%.

According to the brokerage firm, the realty stock is to trade at a slightly lower-than-peer DPU multiple of 16.4x, compared with the peer average of 16.6x, reflecting its slower pace of DPU growth.

The firm highlighted that KRT has the lowest loan-to-value (LTV) ratio among its peers, at 18% as of Q1FY27, compared with the peer average of around 26.2%. It also has the lowest weighted average cost of debt at approximately 7.23%, marginally below the peer average of 7.3%. This lower leverag...