Abhinav Sharma, analyst, HDFC Securities, says the rating downgrade is due to the strong headwinds the company is likely to face. Sharma also believes the current valuation of Rs 210 is on the higher side and the broking firm won‘t buy the shares anytime soon.
first published: Nov 28, 2013 04:10 pm
A collection of the most-viewed Moneycontrol videos.
Sensex, Nifty Retreat After Hitting Fresh Highs As Rupee Drops To Record Low| Closing Bell Live
Will Solid Q2 GDP Set The Ball Rolling For Nifty Bulls To Cross 26,300 Decisively?|Opening Bell Live
SOBO to Bandra: Why Only South Mumbai Residents Call Bandra a Downgrade | The Tenant
Live: Nifty registers third straight week of gains, up 2% in November | Closing Bell
