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Hold Marico, target of Rs 85: Sharekhan
Posted on: July 12th, 2009 and is filed under Brokerage Recommendations.
Sharekhan has recommended a hold rating on Marico with a target price of Rs 85 in its July 9, 2009 report.
“We remain bullish about Marico’s prospects. We maintain our earnings estimates but increase our price target for the stock to Rs 85, as we roll the target over based on our 19x FY2011E estimates. However considering marginal upside from current market price we put a ‘Hold’ recommendation on the stock,” says Sharekhan’s research report.
source: Moneycontrol
Tags: buy sell marico, hot stocks, sharekhan brokerage, sharekhan tips
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