Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
226.25
Change Change %
-1.85 -0.81%

Updated:19 Sep, 2018, 15:59 PM IST

BSE
226.05
Change Change %
-1.25 -0.55%

Updated:19 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
27-06-2017 Buy 220.00 260.00
N/A
Target Hit Long (1Y)
27-06-2018

Nirmal Bang initiates buy on Crompton Greaves Consumer Electricals

Nirmal Bang has upgraded Crompton Greaves Consumer Electricals to buy for target price of Rs 260. It remains optimistic about healthy growth in the consumer electricals sector over the next five to seven years because of favourable macro-economic drivers like higher GDP growth, rising rural electrification, increased urbanisation, growth in affordable housing, lower inflation, higher disposable income as well as rising trend of product upgradation by urban consumers. Nirmal Bang adds that with a strong focus on product premiumisation as well as scaling up hitherto untapped categories like premium fans, residential LED luminaires and agricultural pumps, CGCEL is likely to register 13.3% revenue CAGR and 24.6% earnings CAGR over FY17-FY19E.

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