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SpiceJet an underperformer: Karvy

Posted on: June 16th 2009 in Brokerage Recommendations.

Karvy Stock Broking has changed its rating on SpiceJet from outperformer to underperformer with a price target of Rs 16 in its report dated June 16, 2009 “During 4QFY09, SpiceJet is expected to report revenues of Rs 3,363 million as against revenues of Rs 3,993 million reported during …

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