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Buy Grasim Industries: Indiabulls Secutiries
Posted on: July 7th, 2009 and is filed under Brokerage Recommendations.
Indiabulls Secutiries Research is bullish on Grasim Industries with a buy rating on the stock in its July 06, 2009 report.
“The commissioning of Grasim’s new cement capacities and the government’s thrust on infrastructure is likely to provide a boost to revenues from Grasim’s cement segment, which accounts for 72% of the consolidated revenues. We have revised our fair value estimate upwards to Rs 2,862, which reflects an 18.8% upside over the current market price. We recommend Buy,”says Indiabulls Secutiries Research.
source: Moneycontrol
Tags: buy or sell grasim industries, grasim indsutries, indian bulls security
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