172@29@17@240!~!172@29@0@53!~!|news|business|stocks|buy-havells-india-targetrs-469-hdfc-securities-1033207.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 : Feb 22, 2017 06:07 PM IST | Source: Moneycontrol.com

Buy Havells India; target of Rs 469: HDFC Securities

HDFC Securities is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 469 in its research report dated February 21, 2017.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More


HDFC Securities' research report on Havells India


Havells India (HAVL) has acquired Lloyd Electric’s consumer durable business (Lloyd Consumer) for an EV of Rs 16bn on a debt-free, cash-free basis. HAVL will acquire Lloyd’s intellectual property, manpower and distribution network.


Outlook


The deal is expected to be completed by 31 Mar17. It is valued at 0.9x EV/revenue and 14.5x EV/EBITDA of FY17. We expect this deal to remain neutral for FY18, and 5% EPS accretive for FY19.

For all recommendations, 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 Feb 22, 2017 06:07 pm
Sections