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While the recent bull run in the Indian markets has
been driven by large-cap stocks, there are a few exceptions. Notable among them is ITC. The scrip started rising from March 2003 until March 2004 when
it topped out at Rs77. It declined to Rs57 in the middle of June 2004. A fresh rally started and ITC hit Rs137
in September 2005. The scrip declined to the Rs115 level on 28 October...
