Tue, Mar 27, 2012 at 08:40
Brokerage: Goldman Sachs
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.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.