Notwithstanding a few temporary blips, we remain bullish on Titan’s ability to maintain its premium valuation
We had created a "defensive portfolio" a couple of months ago against the backdrop of weak growth and earnings performance. A lot has changed over this period that makes us take a re-look at the portfolio despite its outperformance over the benchmark.
The OFS is worth participating in light of the attractive valuations it is offering. Interestingly, retail investors will be allotted shares at 3.5 percent discount or at Rs 90.7 per share as against the offer price of Rs 94 a share.
Firstcall Research is bullish on Neyveli Lignite Corporation and has recommended buy rating on the stock with a target price of Rs 89 in its February 25, 2013 research report.
Firstcall Research is bullish on Neyveli Lignite Corporation and has recommended buy rating on the stock with a target of Rs 89 in its December 3, 2012 research report.