abb india (Citi) Sell: 12th Consecutive Quarter of Disappointment; TP Cut to Rs501

Another quarter of disappointment; Large projects delayed; short cycle doing okay; Focus on RE in CY07-08 impacted traditional business; Significant pile-up of receivables; Target price cut to Rs501 from Rs517
Date Rating Target Price Recommendation Price Broker house
13 May 2011 sell 501 (from 517) 866 Citi Report

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