Reliance Securities's Stock Idea
Reliance Securities is Bullish on Crompton Greaves Consumer Electricals Ltd.
Idea Submitted on 24Jan,2018
  • 75 Total Ideas
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  • 75 Closed Ideas
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      Buy Crompt.Greaves Cons. Idea
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      Idea Status :  Closed
    Stop Loss Triggered
    Idea Closed at 196 (11Oct,18 09:38:am)
     Time Frame
     Start Price
     Target Price
     Stop Loss
     Projected Gain
    55 (22% Upside)
     Returns Achieved
    -54     -21.6%
    We expect CGCEL’s business to recover in next 1-2 quarters, as normalcy is steadily getting restored post GST roll-out. We expect the Company’s revenue and earnings to witness 17.4% and 23.3% CAGR, respectively over FY17-20E driven by strong product portfolio of established brands, market leadership and strong distribution network. CGCEL is expected deliver RoCE in the range of 35-40% during the same period. Rolling over our estimates to FY20E and valuing CGCEL at 35x P/E to its FY20E EPS, we maintain our BUY recommendation on the stock with a revised Target Price of Rs305 (from Rs246 earlier). View Research Report (Time period & Stop Loss Auto Inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Crompt.Greaves Cons.
    Buy Calls: 13 Sell Calls: 0
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