bharat bijlee (Emkay) Negative surprise from transformers

Q4FY11 APAT decline by 73% yoy; Ambiguity on transformers business continues; Motor's business to shelter margins; Downgrade to Accumulate on account of ambiguity on margins
Date Rating Target Price Recommendation Price Broker house
13 May 2011 accumulate (from buy) 1110 998 Emkay Report

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