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Houseviews: Four stocks to watch out for

Tue, Mar 27, 2012 at 08:40

| Source: CNBC-TV18
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ITC

Brokerage: Goldman Sachs

Rating: Buy

Target: Rs 232

Rationale: ITC would have to increase prices by 8-8.5% in order to offset the increases in excise and VAT. ITC will be able to successfully execute price increases and maintain its growth in profitability as the price increases needed are in line with past increases.

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