| Date | Rating | Target Price | Recommendation Price | Broker house |
| 16 May 2011 | outperform | 164 (from 182) | 105 | CreditSuisse Report |
gammon india (CreditSuisse) 4Q11 disappoints on loss-making legacy orders
4Q11 disappoints as legacy orders impact margins; Muted FY12 sales guidance; expects margin improvement; Order inflows could provide positive surprise, led by order wins at subsidiaries; No clarity provided on its Italian and real estate businesses; Cut FY12-13E EPS by 1-4%; maintain OUTPERFORM
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