| Date | Rating | Target Price | Recommendation Price | Broker house |
| 13 May 2011 | buy | 470 (Initiate) | 384 | Emkay Report |
havells india (Emkay) Switch to good times
Sylvania turnaround to drive profitability - Impact to be visible in FY12E;Lighting and ECD to drive 15% domestic revenue CAGR; Switchgear to lead bottomline growth; Return ratios to improve; Buy with target price of Rs 470
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