Increased risk weighs on GREAVES COTTON, penalising its rating down to Neutral
The independent financial analyst theScreener just lowered the general evaluation of GREAVES COTTON (IN), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 22, 2022, the closing price was INR 172.25 and its target price was estimated at INR 133.55.Greaves Cotton Limited is a holding company, which is engaged in manufacturing of engines and engine applications, manufacturing and trading of agro products, trading of spares related to engines and construction equipment. The Company's segments include Engines, Infrastructure Equipment and Others. Its Engines segment includes agro products and gensets. Its Infrastructure Equipment segment consists of equipment used in road construction, bridges, dams and mining, among others. Its Others segment includes products traded by international and aftermarket business. The Company has manufacturing facilities in the states of Maharashtra and Tamil Nadu. Its products are sold in India with export to the Middle East, Africa and the South East Asia Region. It produces products and services for market segments, such as real estate, construction, information technology (IT)/IT enabled services (ITES), retail, hospitals, banking and finance, railways, manufacturing and process industries.
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