BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Morgan Stanley upgrades Jain Irrigation to overweight
Morgan Stanley has upgraded Jain irrigation to "overweight" from "equalweight" earlier and increased target price to Rs 92 against Rs 72 earlier. High leverage was key concern. Balance sheet is recapitalised with lower interest cost. We expect around 70 per cent CAGR in earnings over FY17-19.