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Buy Nagarjuna Construction, target of Rs 151: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 151 in its May 29, 2009 research report. “Nagarjuna Construction’s revenues for 4QFY09 stood at Rs 11 billion (-12.4%YoY, vs estimate of Rs 14.3 billion) and net profit of …

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