Buy Nagarjuna Const, target of Rs 90: Prabhudas Lilladher

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Buy Nagarjuna Const, target of Rs 90: Prabhudas Lilladher

Prabhudas Lilladher has upgraded its rating on Nagarjuna Construction Co from accumulate to buy with a target of Rs 90. The stock has seen steep correction from its yearly highs and a robust order book along with lower interest and commodity rates makes it attractive at current levels.

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Prabhudas Lilladher has upgraded its rating on Nagarjuna Construction Co from accumulate to buy with a target of Rs 90 in its December 4, 2008 research report. "The stock has also seen steep correction from its yearly highs and a robust order book along with lower interest and commodity rates makes it attractive at current levels. The company is also now expected to limit on road BOTs reducing business risk. We upgrade our rating from Accumulate to BUY, target of Rs 90," says Prabhudas Lilladher's research report.

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