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Buy ITC, target of Rs 222: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has reiterated its buy rating on ITC with a target price of Rs 222 in its May 25, 2009 research report. “ITC’s 4QFY09 net profit growth was in line with our expectation at 10% YoY, as lower other income (down 46% YoY) and a mar…

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