Thu, Feb 07, 2013 at 09:45
Target: Rs 48
Rationale: Q3 operating performance is weak as new launch expenses and lower export incentives impact margins. A Likely upside risk from new launches and BMW deal and a raised volume growth estimate in FY14/FY15 to 14.7%/10.2% on new products is expected.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.