The valuation gap between the benchmark Sensex and the MidCap index has also stretched.
We feel India’s valuations are stretched and if there is better risk-reward elsewhere, that’s where we go.
A higher ratio suggests over-optimism, and if any negative comes, there can be a decent correction.
Brokers and analysts said they are no longer sure what may be regarded as sensitive information.
Here are the stocks in which brokerages have initiated coverage expecting up to 35% returns.
CLSA upgraded the stock to ‘buy’ from ‘sell’ and raised target price to Rs 130 from Rs 77.
Invest with idea of whether co will gain from tech or not, said the TVF Capital MD.
The market wants the government to revive the economy without straining its finances.
Excluding interim Budgets, the Sensex has fallen in 9 out of last 10 full Budgets.
Tata Power is among the company which has seen huge surge in open interest.
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