Morgan Stanley has initiated coverage on Bajaj Electricals with a target price of Rs 1,479. This means there is a 33 percent potential upside from the current levels.
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The brokerage firm believes that Bajaj Electricals 2.0 is a turnaround story.
With the growth coming back and margins improving, the return ratios are likely to improve going forward.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
To watch other videos in this series, click on the Standout Brokerage Report tab below.
Disclaimer: The views and investment tips expressed are not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.