|Date||Rating||Target Price||Recommendation Price||Broker house|
|18 Apr 2011||underweight||--||--||CreditSuisse Report|
india capital goods sector (CreditSuisse) March quarter results preview -- expect broadly in-line quarter with very few upside surprises
expect very few upside surprises in this quarter. Thermax, CGL, KEC, Cummins, BEML, Areva T&D, Havells are expected to have in line quarters while Punj Lloyd, ABB, Siemens and Voltas may disappoint on the high expectations built in the estimates. The March quarter is typically a seasonally better quarter for Suzlon, but we would not extrapolate that as a trend for the stock. Re-iterate our UNDERWEIGHT stance on the sector.
Labels: Sector Reports