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Reduce Pantaloon Retail, target of Rs 165: IIFL

Posted on: May 15th 2009 in Brokerage Recommendations.

IIFL has recommended a reduce rating on Pantaloon Retail with a target price of Rs 165 in its May 14, 2009 research report. “Pantaloon Retail (PRIL) ‘same-store sales’ (SSS) growth slowed down to 3% YoY in April, mainly owing to the steep decline in home retailing sales. Home r…

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