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VST Industries to outperform, target Rs 1500: Indiabulls

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  • Published On: July 18, 2011
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Anand Mour, FMCG Analyst at Indiabulls Securities says margins for tobacco firms have been impressive. VST Industries and ITC benefitted because excise duty was not hiked even though prices were hiked in anticipation of an excise hike.

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