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Buy Zuari Agro for Short Term – ABN Amro

May 9, 2007

ZIL [Zuari Industries Ltd] has been trading in a narrow range for the last 3 weeks and is showing signs of breaking out of the range. Further the short and medium term moving averages have converged around the current price and are moving up.

Current Price : Rs169
Target Price : Rs201
Upside : 19%

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