Gujaratís other calling card

Gujaratís other calling card

Whether it is female infanticide, education or health indicators, Modiís Gujarat...
Safe assets

Safe assets

The asset disclosures for the 2014 Lok Sabha elections...

Goldman reiterates 'buy' on India's Crompton Greaves stock

Comments 0
SummaryGoldman Sachs adds the stock to its Asia-Pacific Conviction List.

* Goldman Sachs retains its "buy" rating on Crompton Greaves Ltd and adds the stock to its Asia-Pacific Conviction List.

* Goldman cites a favourable risk-reward ratio after the Indian power equipment maker completed the restructuring of its Belgium plant in the quarter ended in December.

* The bank adds Crompton Greaves' valuations are trading at a historical trough, calling it "unjustified."

* Goldman's report comes after Morgan Stanley added Crompton Greaves, among other stocks, to its India model portfolio in a report on Friday.

* However, Goldman has cut Crompton's sum-of-the-parts target price to 127 rupees from 144 rupees to factor in slower improvement in overseas margins after the December quarter results.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...