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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.

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First Published on Apr 16, 2019 05:34 pm
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