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IIFL see upside of 18-20% on NMDC

In an interview to CNBC-TV18, Tarang Bhanushali, IIFL said that he believed the current valuations are quite cheap for NMDC. IIFL has a nine month target of Rs 182 on NMDC and values the company at 5 times EV/EBITDA.

first published: Dec 12, 2012 03:39 pm

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