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No hike in excise duty good for auto stocks

  • 11:23
  • Published On: February 28, 2011
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There has been no change in the excise duty rates for automobiles in the Union Budget, which will serve as a respite, both for auto manufacturers as well as car and motorcycle buyers. Raamdeo Agrawal, Jt. MD, Motilal Oswal Financial Services, says the move is a good opportunity to build auto portfolio.
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