Q4 FY11 disappoints due to sequential volume decline; 300bp margin decline guidance for FY12 is unduly conservative; Board level changes announced, senior management changes likely; Valuation: maintain Buy; removing Short-Term rating
Date | Rating | Target Price | Recommendation Price | Broker house |
18 Apr 2011 | buy | 3550 (from 3700) | 3306 | UBS Report |
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