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BUY OR SELL: Indian defensives to ride out rain woes?

Posted on: August 24th 2009 in Stock Views.

MUMBAI: Poor rainfall in India has prompted brokerages to pick monsoon-proof stocks over perennial defensive favourite Hindustan Unilever, seen hurt by lower rural incomes and spending. Brokerages favour retail stocks such as ITC Ltd and Nestle India, which are less exposed to rural ma…

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