Angel Broking has maintained its reduce rating on Madras Cements with a target price of Rs 90 in its May 29, 2009 research report. “We expect the domestic cement industry to witness substantial bunching up of capacities over the next couple of years. As per the company’s announce…
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Reduce Madras Cements, target of Rs 90: Angel Broking
Posted on: June 1st 2009 in Brokerage Recommendations.
Reduce Indraprastha Gas; target of Rs 122: Angel Broking
Posted on: May 30th 2009 in Brokerage Recommendations.
Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122 in its report dated May 28, 2009. “For 4QFY2009, IGL reported 21.8% yoy jump in Operating Income to Rs 228.5 cr (Rs 187.6 cr), which was marginally above our expectation of Rs 225.8 cr. …
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