Mid Cap 22 Feb 2012, 05:09 PM
Welspun Corp Ltd.
HSBC
|
Price when Post 147.7 |
Target Price 165 |
Return 11.7129% |
For full report |
HSBC downgrades Welspun Corp to neutral from overweight
HSBC has cut its target on Welspun from 265 to 165 earlier. Tough macro environment at home & abroad. Low investor confidence will prevent stock re-rating. Global expansion to provide some solace.