172@29@17@103!~!172@29@0@53!~!|news|business|stocks|buy-crompton-gr-con-target-of-rs-310-motilal-oswal-5835821.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
Last Updated : Sep 14, 2020 12:35 PM IST | Source: Moneycontrol.com

Buy Crompton Gr. Con; target of Rs 310: Motilal Oswal

Motilal Oswal is bullish on Crompton Gr. Con recommended buy rating on the stock with a target price of Rs 310 in its research report dated September 11, 2020.

Broker Research
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Motilal Oswal 's research report on Crompton Gr. Con


Bottoming out of Lighting price erosion to reflect in financials: Competitive intensity has bottomed out in the Lighting industry, though not completely over. This can be gauged by the price hikes over the past six months. The last round of price cuts occurred in Aug’19 and will form part of the base Sep’20 onwards. Thus, we expect value growth in the Lighting segment to follow volume growth while margins should be on an uptrend 2QFY21 onwards (full quarter impact expected to reflect in 3QFY21 only).


Outlook


We increase our TP to INR310 (35x Mar’22E EPS v/s 32x earlier). Maintain Buy. Any inorganic growth opportunity or higher dividend payout/buyback option may re-rate the stock further, in our view.


For all recommendations report, click here


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.

First Published on Sep 14, 2020 12:35 pm
Sections