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Buy Orchid Chemicals, target of Rs 163: Sharekhan

Posted on: June 8th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on Orchid Chemicals & Pharmaceuticals, with price target of Rs 163, in its report dated June 5, 2009. “At the current market price of Rs 136, Orchid is discounting its FY2009E earnings by 10.7x and its FY2010E earnings by 8.3x. Though th…

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