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Further ITC derating likely; next 2 qtrs tricky: PhillipCap

The fourth quarter numbers are not reflective of the price hike that ITC undertook after the increase in excise duty, says Naveen Kulkarni of PhillipCapital. Sources on the ground say, this has resulted in further decline in volumes, he adds.

first published: May 25, 2015 03:17 pm

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