abb india (JPMorgan) Valuation delinked with fundamentals? Maintain UW

Topline surprises, but margin disappoints in Mar-q: Topline growth (and margin pressure) was led by power systems (PS).; The market appears to be pricing in unreasonably high growth expectation; Valuation delinked with fundamentals?
Date Rating Target Price Recommendation Price Broker house
12 May 2011 underweight 615 891 JPMorgan Report

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