Kotak Securities is bullish on Escorts and has recommended buy rating on the stock with a target price of Rs 163, in its research report dated December 05, 2014.
"Escorts, delayed onset and patchy South-West monsoon had adverse impact on kharif crop, area coverage and yields impacting farmer's income and tractor demand. We expect the tractor demand to stay subdued in the near term. Given near term weakness in tractor demand, turning around of loss making divisions will be important for Escorts over the next 2-3 quarters. Turnaround of loss making business coupled with expected better tractor demand in the medium to long term will drive earnings growth for the company in FY16. Post results, the stock has corrected by 27%. In view of adequate upside from current levels, we upgrade the stock to BUY (ACCUMULATE earlier) with price target of Rs 163 (earlier Rs 169)", says Kotak Securities research report.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Buy Escorts; target of Rs 163: Kotak Securities
Dengan url
https://remajantigalau.blogspot.com/2014/12/buy-escorts-target-of-rs-163-kotak.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy Escorts; target of Rs 163: Kotak Securities
namun jangan lupa untuk meletakkan link
Buy Escorts; target of Rs 163: Kotak Securities
sebagai sumbernya
0 komentar:
Posting Komentar