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Indiabulls Securities Research has downgraded its rating on Crompton Greaves to hold. For the quarter ended June’09, consolidated net sales registered a healthy growth of 33.6% yoy to Rs 20.3 billion.
"Based on our DCF valuation, we have arrived at a fair price of Rs 280, an increase of 2.2% from the current levels. Thus, we downgrade our rating to Hold," says Indiabulls Securities' research report.
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May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy