Domestic equity markets have remained under pressure lately with benchmark indices not being able to hold gains. However, analysts suggest that select stocks can deliver strong returns in the near term.
Behari Lal Engineering shares surged 14% after making a strong market debut, listing at a 63% premium to the IPO price. Brokerages remain positive, citing
India has replaced Indonesia as Asia’s least-preferred stock market among fund managers surveyed by Bank of America, with 32% of respondents net underweight on Indian
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