BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare downgrades Strides Shasun to hold
Religare has downgraded Strides Shasun to "hold" from "buy" earlier and reduced target price on the stock to Rs 1,130 compared to Rs 1,375 earlier. Strides' Q1 revenue was 8 per cent below estimates and its EBITDA margin was at 15.2 per cent, 350 basis points below estimates on account of negative operating leverage.