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Sell NTPC, target of Rs 175: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has recommended a sell rating on NTPC with a target price of Rs 175 in its May 26, 2009 research report. “NTPC’s audited FY09 PAT was 5% above the provisional numbers, primarily on account of tax write-backs of Rs 3.8 billion pertaining to other income. Adjusting for thes…

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