Accumulate Crompton Greaves Ltd., target Rs 92.0 : Prabhudas Lilladher

Prabhudas Lilladher has Accumulate call on Crompton Greaves Ltd. with a target price of Rs 92.0. The current market price of Crompton Greaves Ltd. is 82.5. Time period given by analyst is year, when Crompton Greaves Ltd. price can reach defined target. Prabhudas Lilladher cited that the company has been in the midst of restructuring over the past few years. It said the stock is a good proxy to play on recovery in domestic T&D and industrial capex. It is trading at 16.4x FY18 estimated earnings.