tulip telecom (Emkay) Growth on track, Maintain BUY

Revenue and EBITDA growth on track; Fiber based data connectivity business continues to drive revenue; Net-debt rises to Rs1 3.5bn on account of data centre acquisition; Highlights on new client addition and order wins; Valuations attractive - BUY with target of Rs218
Date Rating Target Price Recommendation Price Broker house
13 May 2011 buy 218 163 Emkay Report

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