BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA initiates Crompton Greaves Consumer Electricals with buy
Company is a very strong franchise. Shorter credit cycle is likely to offset margin headwind. Stock target price is based on 31 times FY18 estimated earnings per share. Crompton consumer has significant better return ratios than Havells.