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Reduce IVRCL Infra; target of Rs 320: IIFL

Posted on: June 2nd 2009 in Brokerage Recommendations.

IIFL has maintained its reduce rating on IVRCL Infrastructure and Project with a price target of Rs 320 in its report dating June 2, 2009. “IVRCL Infrastructure and Projects revenues grew 23% YoY in 4Q, line with our estimate, while EBITDA margin contracted 177bps YoY to 8.7%—a s…

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