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Houseviews: Brokerages bullish on ITC, Amara Raja & BHEL; bearish on JSPL
Fri, Sep 21, 2012 at 09:04
ITC
Brokerage: Bank of America Merrill Lynch
Rating: Buy
Target: Rs 285
Rationale: The 10 state governments having banned gutkha, which is a USD 4 billion market in India, and many states likely to follow it is directionally positive for cigarette demand.
