The power of the FIIs. Today morning, Credit Suisse put out a report which showed its preference for consumer durables and it in particular, named Havells India and Voltas.
In the report, Credit Suisse said that Havells and Voltas have the highest potential based on their existing foothold in the markets. It has given Havells a rating of ‘outperform’ with a target price of Rs.1475.
It has rated Voltas too at ‘outperform’ with a target price of Rs.1125.
It has also initiated coverage on CG Consumer Electricals and Amber Enterprises.
Havells and Voltas are among the top five gainers on the BSE, with Havells hitting a new 52-week high at Rs.1348 and Voltas rose over 5.5% to Rs.1048.