In light of the softness in demand outlook, the brokerage maintains its 'Hold' rating on the stock with a target price of Rs 551 as it believes valuations mostly factors in the positives.
Brass cages manufactured by Harsha Engineering International Ltd. (Source: Company)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.