trf (Emkay) Stumped, Downgrade to Hold

Stumped - Revenues rise 69% yoy, but net loss at Rs15 mn; Product scores (+56% yoy), But Project misses (EBIT loss at Rs48 mn); A perfect York(er) - Auto components posts net profit of Rs21 mn
Date Rating Target Price Recommendation Price Broker house
13 May 2011 hold (from accumulate) 428 460 Emkay Report

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