Motilal Oswal has set a BUY Recommendation on Havells India after it has acquired Sylvania, making the company strongly set its footprint in the lucrative European and Latin American markets.
MOSL expects EPS of Rs 27 and Rs 33 for FY 12 and FY 13 with a target price of Rs 437.
JP Morgan has a target of Rs 480 on the stock.
