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HAVELLS HAS ENOUGH FIREPOWER: NOMURA (analysts believe that strong brand recall and solid distribution networks will lead to above average returns from Havells).

India Business Insight

| March 09, 2012 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

Nomura has initiated coverage on Havells India with a 'Neutral' rating at target price of Rs550. This is a modest 3.8 percent upside from its closing price on 2 Mar 2012. The analysts at Nomura believe that strong brand recall and solid …

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