BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Citi initiates coverage on Crompton Greaves Consumer Electricals with buy
Citi has initiated coverage on Crompton Greaves Consumer Electricals with a buy for target price of Rs 174. It expects a 13% compunded annual sales growth during FY16-19 and also sees EBITDA margin expansion in FY'16-19. It says refinancing of debt will rapidly lower interest costs and sees ROEs for the company will be sector leading.