HDFC Securities is bullish on Crompton Greaves has recommended buy rating on the stock with a target price of Rs 82 in its research report dated February 11, 2017.
HDFC Securities' research report on Crompton Greaves
We continue to be buyers in CRG as we believe the SA business is on the uptrend (sustained visibility on T&D and railway capex and current valuations factor in losses in international operations). Reiterate BUY with a SOTP-based TP of Rs 82/share (15x Dec-18E EPS for SA, Rs 11/share for subsidiaries).
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