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India Equity Research Reports, IPO and Stock News
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Voltas: Buy; PT Rs225
Management continues to expect a muted few quarters, as the Qatar projects
need to be completed faster (higher resource allocation could keep margins
low). Overall execution remains lack-lustre.
Consumer durables business had weaker sales in April, which picked up in
the latter months. This could slightly dampen the yearly sales growth in the
segment.
Rohini Electricals will break-even in FY12.
The Engineering products segment performance and margins will depend on
the mix between commission based and manufacturing related mix.
While, management is positive over the long term based on structurally
under-invested markets like India and Middle East, near to medium term
outlook remains cautious.
Working capital requirement has increased due to higher receivables days
primarily due to weaker execution in the domestic market.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Voltas: Buy; PT Rs225
Management continues to expect a muted few quarters, as the Qatar projects
need to be completed faster (higher resource allocation could keep margins
low). Overall execution remains lack-lustre.
Consumer durables business had weaker sales in April, which picked up in
the latter months. This could slightly dampen the yearly sales growth in the
segment.
Rohini Electricals will break-even in FY12.
The Engineering products segment performance and margins will depend on
the mix between commission based and manufacturing related mix.
While, management is positive over the long term based on structurally
under-invested markets like India and Middle East, near to medium term
outlook remains cautious.
Working capital requirement has increased due to higher receivables days
primarily due to weaker execution in the domestic market.
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