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16 Nov 2018
|
Tata Investment
|
Emkay
|
6594.50
|
|
826.75
(697.64%)
|
|
Not Rated
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|
|
|
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09 Apr 2018
|
Tata Investment
|
Choice India
|
6594.50
|
830.00
|
787.20
(737.72%)
|
Target met |
Buy
|
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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...
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