Falling Markets
BSE Sensex falls nearly 350 points
The BSE Sensex falls 1.7 percent and the broader Nifty is down 1.9 percent, heading towards their fourth consecutive session of declines. Full Article | Track Sensex
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
MARKET EYE-Goldman reiterates 'buy' on India's Crompton Greaves
 |
Brazil monks' message of humility
A religious fraternity in Rio considers the election of Pope Francis, the first pontiff to take the name of St Francis of Assisi, a confirmation of their beliefs in poverty and simplicity. Slideshow
* Goldman Sachs retains its "buy" rating on Crompton Greaves Ltd and adds the stock to its Asia-Pacific Conviction List. * Goldman cites a favourable risk-reward ratio after the Indian power equipment maker completed the restructuring of its Belgium plant in the quarter ended in December. * The bank adds Crompton Greaves' valuations are trading at a historical trough, calling it "unjustified." * Goldman's report comes after Morgan Stanley added Crompton Greaves, among other stocks, to its India model portfolio in a report on Friday. * However, Goldman has cut Crompton's sum-of-the-parts target price to 127 rupees from 144 rupees to factor in slower improvement in overseas margins after the December quarter results. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters