Buy Assam Company, target of Rs 24: Anagram

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Buy Assam Company, target of Rs 24: Anagram

Anagram Research has upgraded its rating on Assam Company to buy with a target price of Rs 24. At CMP of Rs 20 the research firm finds the stock attractively valued.

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Anagram Research has upgraded its rating on Assam Company to buy with a target price of Rs 24 in its September 20, 2008 research report. "At CMP of Rs 20 we find the stock attractively valued. The stock looks expensive in terms of earnings as tea business contributed 80% of earnings while price factors in the future prospects of oil & gas business. We upgrade our rating to Buy with a price target of Rs 24," says Anagram's research report.

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