Availability of semiconductors is expected to improve in future with receding effect of pandemic and vaccination in full swing. Robust order book, sustained export demand and aggressive network expansion will drive the next phase of growth. CV industry is on a road to recovery with growth across sectors. However, we are cautious on the time to recovery and hence we downgrade our rating on the stock to HOLD with a revised target price of Rs. 2,190 based on SOTP valuation. Improved realization due to price hikes and higher exports...