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The government has maintained fiscal deficit, but now a fiscal expansion is called for.
The government has maintained fiscal deficit, but now a fiscal expansion is called for.
Morgan Stanley had downgraded the stock to underweight from equalweight.
Most of these companies are seeing activity on the bearish side.
Brokerages say the Budget is likely to be expansionary given the slowing economy.
Highest concentration among calls in the July series for the Nifty is at 12,000 strike.
"Retail investors should not get into these companies and not bottom-fish,” said Sofat of IIFL.
"Retail investors should not get into these companies and not bottom-fish,” said Sofat of IIFL.
The market has been on the slide with the Sensex gaining just 0.8 per cent since May 23.
The stock ended up 90 per cent at Rs 62.85.
Morgan Stanley retained an overweight rating on the stock with a target price of Rs 2,000.
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