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Buy GIPCL, target of Rs 130: IIFL

Posted on: June 23rd 2009 in Brokerage Recommendations.

IIFL has maintained its buy rating on Gujarat Industries Power Co. (GIPCL), with 12-month price target of Rs 130, in its report dated June 23, 2009. “GIPCL’s proposed 250MW expansion has been delayed, and now the management expects to commission unit-1 in 3QFY10ii as against 1QFY…

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