Jul 15, 2013, 06.10 PM | Source: Moneycontrol.com
Brokerage house Emkay Global Financial Services is bullish on Greaves Cotton and has recommended buy rating on the stock with a target price of Rs 100 in its July 15, 2013 research report.
, Emkay Global Financial Services |
Auto engines on overdrive - (1) Changes in last mile goods transport, both 3-W and 4-W & (2) inroads in 4-W passenger and alternative fuels. Expect 13 percent volume growth
Efforts underway to strengthen agri equipment, gensets and infrastructure businesses; it concurrently promises robust growth in ensuing years
Attractive financial matrix; ROIC of +35 percent, FCF generation of Rs2.7 bn in FY13-15E period, dividend payout of 35-40 percent and dividend yield of 5 percent
Greaves is trading at 40 percent discount to capital goods sector & 15-30 percent discount to auto-ancillaries. Valuations are attractive; retain BUY with price target of Rs100/Share, says Emkay Global Financial Services research report.
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.
To read the full report click here
Greaves Cotton in its meeting held on May 06, 2016
Greaves Cotton has informed regarding Outcome of B
Greaves Cotton Ltd has informed BSE that a meeting
Ambareesh Baliga, Independent Market Expert recomm
Sushil Finance is bullish on Pratibha Industries a
KRChoksey is bullish on Suzlon Energy and has reco
FinQuest Securities is bullish on Wockhardt and ha