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Houseviews: Trading tips for ITC, JP Asso, Tata Steel, Bhel
Wed, Oct 10, 2012 at 08:37
Brokerage: Morgan Stanley
Target: Rs 486
Rationale: Second quarter production volumes are nearly 7% ahead of estimates. The jump in production suggests the company has started ramping up steel output from the new capacity at a utilization of 24%, which is quite encouraging.