Brokerage Calls: Expert views on 4 largecap stocks
Thu, May 03, 2012 at 08:47
Brokerage: Goldman Sachs
Target: Rs 348
Rationale: While the India business is a source of cyclical and structural risk, it contributes only 16% to consolidated operating profit. Correspondingly for JLR, the potential upside risk to valuation from an upgrade cycle appears relatively higher on better EBITDA margins and volume growth.