BROKER CALL: BRICS PCG puts buy on FDLC

BRICS PCG has given a buy on Fedders Lloyd Corporation with a target price of 207.

Fedders Lloyd Corporation (FDLC) is a pioneer in the air-conditioning and refrigeration industry in India, with operations spanning over four decades.

Unlike competitors, the company caters to niche market like railways, defence, telecom operators and various transport companies. Currently, it derives over 50% of revenue from railways and defence sectors.