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Hold Reliance Industries, target of Rs 1900: Sharekhan

Posted on: July 9th 2009 in Brokerage Recommendations.

Sharekhan has maintained its hold rating on Reliance Industries with a price target of Rs 1900 in its report dated July 7, 2009. “Union Budget 2009-10 has increased the minimum alternate tax (MAT) including surcharges to 17% from 11.3% earlier. To account for higher incidence of MA…

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