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Last Updated : Sep 18, 2018 04:36 PM IST | Source:

Buy Rane Holdings; target of Rs 2560: Cholamandalam Securities

Cholamandalam Securities is bullish on Rane Holdings has recommended buy rating on the stock with a target price of Rs 2560 in its research report dated 07 Aug 2018.

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Cholamandalam Securities' research report on Rane Holdings

Rane Holding Limited (RHL) is holding company of Rane Group. Founded in 1929; Headquartered in Chennai, India. It has strategic investments in four subsidiary companies, three joint venture companies and one associate company. The company serves a variety of industry segments: Passenger vehicles, Commercial vehicles, Farm tractors, and two wheelers, Three Wheelers, Railways and Stationary Engines.


We arrive at a revised price target of INR 2,560 based on P/E of 19x FY20EPS and maintain a BUY rating on the stock. Risks: Economic downturn or slowdown in the key markets can lead to decreased volumes and capacity utilization.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on Aug 8, 2018 05:08 pm
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