21 Sept, 2011
Crompton Greaves :-
Current Market Price - 159.80
Target Price - 180
Duration - 2 Months
Crompton is a debt free company with good expansion plans. Q2 and Q3 results may show muted growth, but in an environment where debt is costly with interest rates expected to rise, a debt free company is well placed to improve the bottomline in long term. The promoters acquired shares from open market taking advantage of sharp fall in share price implying promoter confidence in the business.
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