Crompton Greaves Ltd:SELL
Morgan Stanley has equal-weight rating with target at Rs 61 per share as ongoing restructuring leads to margin uncertainty
Our take: Stock appears highly overpriced. Short covering over. We feel that stock should be down 8-10% in September series ( if mkts don't shoot up).
IDFC has also given SELL with TP Rs 72
Technical view of a leading brokerage firm:
Resistance at 87 and support at 79 . Target 75, once it breaches 79
Morgan Stanley has equal-weight rating with target at Rs 61 per share as ongoing restructuring leads to margin uncertainty
Our take: Stock appears highly overpriced. Short covering over. We feel that stock should be down 8-10% in September series ( if mkts don't shoot up).
IDFC has also given SELL with TP Rs 72
Technical view of a leading brokerage firm:
Resistance at 87 and support at 79 . Target 75, once it breaches 79
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