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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
CLSA maintains buy on Havells India
CLSA has maintained its 'buy' call on Havells India for target price of Rs 370/share. It says that proposed Sylvania stake sale is commendable and sees it as a strong positive for Havells in the long term. CLSA adds that Havells is now a pure play India business and company has a strong balance sheet and short-term cash inflow. It expects the stock to re-rate once transition is closed.