Jefferies retains Buy on Crompton Greaves; sees up to 29% upside

Jefferies has kept its positive outlook on Crompton Greaves Consumer Electricals, maintaining a Buy rating. This means the brokerage firm believes the company's stock has potential for growth. The target price of Rs 330 implies a possible increase of nearly 29% in the stock's value.

Why it matters

Jefferies expects the company to perform well, with a potential upside of 29%. This could lead to increased investor confidence in the stock.

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