Kotak Equities initiates buy on Eureka Forbes, sees 20% uptick
Water purifier maker Eureka Forbes (EFL) is set to benefit from a strong unmet need for clean water among Indian consumers, low industry penetration and ownership change in the company, Kotak Institutional Equities said in a note. The brokerage initiates a coverage on the stock while estimating a near 20% upside. The DCF-based fair value … Read more