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Last Updated : Apr 16, 2019 05:34 PM IST | Source:

Hold Greaves Cotton; target of Rs 155: Sharekhan

Sharekhan recommended Hold rating on Greaves Cotton with a target price of Rs 155 in its research report dated April 15, 2019.

Broker Research @moneycontrolcom
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Sharekhan's research report on Greaves Cotton

GCL 3W business is expected to remain under pressure over the next two years driven by a shift towards gasoline/CNG engines. Margins drop also projected due to increased costs due to shift to BS6 norms and increased proportion of low margin multi-brand products and electric scooters. Earnings growth likely to decelerate to 5% CAGR over FY2019-2021 period.


We retain our Hold recommendation on the stock of Greaves cotton Limited (GCL) with a revised PT of Rs 155.

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 Apr 16, 2019 05:34 pm
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