BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Macquarie initiates Crompton Greaves Consumer Electricals with outperform
Macquarie has initiated coverage on Crompton Greaves Consumer Electricals with "outperform" rating for a target price of Rs 214. Existing promoters can exit the business in next 4-5 years. Margin expansion to drive 20 per cent CAGR earnings growth. Company is an underappreciated 50-year old franchise.