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Buy Jubilant Organosys, target of Rs 212: IIFL

Posted on: June 19th 2009 in Brokerage Recommendations.

IIFL has maintained its buy rating on Jubilant Organosys, with 12-month price target of Rs 212, in its report dated June 17, 2009. “Adjusted for interest cost on FCCBs, Jubilant is trading at 9x FY10ii core earnings. We believe there is room for re-rating as concerns on the over-st…

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