External broker reports(aggregated public sources), HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Butterfly Gandhimathi Appliances / Equity Bottom-Up

Butterfly Gandhimathi Appliances (BGAL IN)

<ul><li>The deal is fairly valued (already at acquisition premium, the stock has run up 2x in the last 6 months).</li><li>Any valuation upside from this deal will be based on Crompton's success on execution (growth with margin improvement).</li><li>Crompton has announced the acquisition of Butterfly Gandhimathi Appliances (Butterfly) in order to extend its kitchen product line.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

The deal is fairly valued (already at acquisition premium, the stock has run up 2x in the last 6 months).Any valuation upside from this deal will be based on Crompton's success on execution (growth with margin improvement).Crompton has announced the acquisition of Butterfly Gandhimathi Appliances (Butterfly) in order to extend its kitchen product line.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Crompton Consumer (Update): Acquiring additional wings. Maintain BUY