Reduce Crompton Greaves, target of Rs 259: P Lilladher
Prabhudas Lilladher has recommended a reduce rating on Crompton Greaves with a target of Rs 259 in its May 22, 2009 research report.
“Although the power division is expected to continue its good performance, we are concerned about the slump in the distribution products internationally (33% of international sales), impact of an appreciating rupee (depreciating rupee had a 13-14% positive impact on FY09 international sales) and the traction in industry segment growth. Keeping in mind the recent run up in the stock (100% return in 3 months), the good performance in Q4FY09 and the positive impact of the power sector seem to have been priced in. We recommend ‘Reduce’ on strength, target of Rs 259,” says Prabhudas Lilladher’s research report.
source: Moneycontrol
Tags: crompton greaves, sell crompton greaves
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
