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Reduce Madras Cements, target of Rs 90: Angel Broking

Posted on: June 1st 2009 in Brokerage Recommendations.

Angel Broking has maintained its reduce rating on Madras Cements with a target price of Rs 90 in its May 29, 2009 research report. “We expect the domestic cement industry to witness substantial bunching up of capacities over the next couple of years. As per the company’s announce…

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