How to play OnMobile, Apollo Tyres, Havells India, PFC, Coal India
Tue, Jun 11, 2013 at 09:02
Brokerage: Morgan Stanley
Target: Rs 58
Rationale: The company will acquire the business assets and liabilities of US based livewire mobile. However, the acquisition would significantly lower its net cash position. Achieving the revenue and EBITDA targets from this acquisition would be key, to making the deal positive for the company.