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Buy MOIL, Target Price Rs 400: G Chokkalingam

PUBLISHED ON: October 14, 2014 | Duration: 16 min, 31 sec

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G Chokkalingam, founder of Equinomics Research and Advisory, recommends buying MOIL shares saying the stock has a price-earnings ratio of 9. He also says India's steel capacity is expected to continue to rise in next five years, which is a positive for the company.
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