829.75 14.90 (1.83%)
NSESep 25, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-11-16||Tata Investment Corp..||Emkay||826.75||826.75 (0.36%)||Not Rated|
|2018-04-09||Tata Investment Corp..||Choice India||787.20||830.00||787.20 (5.41%)||Target met||Buy|
Indian economy and markets are standing on stronger and exciting fundamentals. 2017 was a good year for the equity market, both primary and secondary equity market witnessed increased fund flows. This was mainly due to the stable macroeconomic conditions and implementation of a wide range of structural reforms. At one period, the market was demanding a valuation of almost 10-15% premium to its long term average. However, the euphoria was short-lived and was halted by the re-introduction of long term capital gain (LTCG) tax and the inflationary budget in the domestic market. This coupled with correction in the US equity market led to almost 10% correction in the domestic market. However, we feel...