Brokerages bullish on SpiceJet, BoI; Punj Lloyd to underperform

Tue, Aug 06, 2013 at 10:13

| Source: CNBC-TV18
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Brokerage: Bank of America Merrill Lynch

Rating: Buy

Target: Rs 34

Rationale: The recent sharp depreciation in the rupee will likely keep SpiceJet in the red for FY14, with full year profits visible in FY15.

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