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Sell UltraTech Cement, target of Rs 526: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has downgraded its rating on UltraTech Cement from add to sell with a target price of Rs 526 in its May 25, 2009 research report. “We expect sharp erosion in cement realisation from 3QFY10 in the southern and western re…

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