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Buy Balrampur Chini, target of Rs 148: Sharekhan

Posted on: June 9th 2009 in Brokerage Recommendations.

Sharekhan has recommended a buy rating on Balrampur Chini, with price target of Rs 148, in its report dated June 8, 2009. “We value Balrampur Chini Mills at an EV/EBIDTA of 7x FY2011E considering the hefty profit growth expected over FY2008-11. Based on this valuation we arrive at …

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