Edelweiss recommended hold rating on Crompton Greaves with a target price of Rs 72 in its research report dated February 14, 2017.
Edelweiss' research report on Crompton Greaves
Given current scenario in T&D equipment industry globally with >50% overcapacity, we believe it will not be easy for management to exit global T&D plants. However, early exit would pose upside risk to our call. Maintain ‘HOLD/SP’ At CMP, the stock trades at 27/20x its FY18E/FY19E EPS.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.