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Kotak Securities Recommends Crompton Greaves Consumer Electricals with 56% Upside Potential
Kotak Securities forecasts a 56% upside for Crompton Greaves, citing margin recovery and business expansion potential in consumer durables and lighting.
Crompton Greaves Consumer Electricals Ltd is seeing positive momentum, with Kotak Securities projecting a 56% upside from its current price of Rs 263.60 per share. The brokerage has set a target price of Rs 390, citing strong margin recovery and the scaling potential of new business segments. Kotak believes the company will benefit from steady margin improvements in its core Electric Consumer Durables (ECD) business, bolstered by the ability to pass on raw material cost increases to consumers.