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Buy Tata Tea, target of Rs 859: KRChoksey

Posted on: June 23rd 2009 in Brokerage Recommendations.

KRChoksey has maintained its buy rating on Tata Tea, with price target of Rs 859, in its report dated June 19, 2009. “More than 70% revenues and 80% of EBIT come from tea business, which is likely to face margin pressure in FY10 as tea prices are likely to remain firm on account of…

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