Crompton Greaves Shares Soar 4% as Motilal Oswal Initiates 'Buy', Sees 42% Upside

• Crompton Greaves shares surged 4% after brokerage Motilal Oswal initiated 'Buy' coverage.
• Motilal Oswal set a price target of Rs 350 per share, projecting a 42% upside.
• The stock was trading at Rs 257, ending a three-day losing streak.
• Growth is expected from increased advertising, promotional spending, and brand/product strengthening.
• Brokerage forecasts 8% revenue CAGR (FY26-FY28) and improved gross margins (FY27-FY28).

Why It Matters: Motilal Oswal's 'Buy' rating and 42% upside projection boost Crompton Greaves shares.