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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Maintains Buy on Havells
Nomura has maintained its buy call on Havells for target price of Rs 304. Nomura says that Havells will be a likely early-cycle beneficiary of any improvement in the economic environment, and estimate its domestic business to deliver a mid-teens revenue CAGR over FY14-17F, driven by a pick-up in construction activity, improving consumer sentiment, new product launches and further expansion of its distribution network.