Kotak Securities has recommended a reduce rating on Bajaj Electricals with a target price of Rs 325, in its July 10, 2014 research report.
"BAEL reported 19 % YoY revenue growth at Rs 40.2 bn in FY14 on account of execution of loss making orders in E&P business. On account of this, it reported loss of Rs 53 mn in FY14. Consumer durable business reported retarded growth and margin erosion in FY14. Operating margins dropped in consumer/lighting. We believe that there has been some improvement in consumer sentiment however expects consumer business to experience slowdown over the next few quarters."
"We believe that margins in E&P business have bottomed out and BAEL would likely report recovery through 2HFY15-FY16. Current E&P order book is well diversified within various segments and could contribute significantly to company's profit in FY16. In view of downside to our target price we maintain 'REDUCE' recommendation on company's stock with DCF based revised price target of Rs 325 (Rs 310 earlier)", 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
Reduce Bajaj Electricals; target Rs 325: Kotak Securities
Dengan url
http://sehatgayahidup.blogspot.com/2014/07/reduce-bajaj-electricals-target-rs-325.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Reduce Bajaj Electricals; target Rs 325: Kotak Securities
namun jangan lupa untuk meletakkan link
Reduce Bajaj Electricals; target Rs 325: Kotak Securities
sebagai sumbernya
0 komentar:
Posting Komentar