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VERIFIEDET Stocks·positive
Jefferies retains Buy on Crompton Greaves; sees up to 29% upside
AI Summary
- ·Jefferies maintained a Buy rating on Crompton Greaves Consumer Electricals with a target price of Rs 330.
- ·The brokerage anticipates a potential upside of nearly 29% for the stock.
- ·Jefferies projects a 12% revenue CAGR and 18% EPS CAGR through FY29, driven by premiumisation, market share gains, new products, and margin expansion.