Management accepts recent underperformance of Crompton vs peers, and indicated structural changes in the organisation and strategies to realign itself with market dynamism.
The notification mandates SPSUs to maintain a payout — ~30% of PAT or 5% of net worth — whichever is higher.
Good, all-round performance expected.
Recommendation: Add; Target Price: Rs 660
US banking crisis looks set to worsen.
Recommendation: Add; Target Price: Rs 3400
It was not getting regulatory approval for JV with Highly International, a Chinese company.
Recommendation: Buy; Target Price: Rs 10300
Recommendation: Add; Target Price: Rs 800
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