Tesla’s stock emerges as unlikely megacap rival to Apple

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Apple has been rewarded with a premium valuation relative to the Nasdaq 100 that sits well above the iPhone maker’s average over the past decade, according to data compiled by Bloomberg. Yet at 23 times profit projected over the next 12 months, it’s still less than half the price of Tesla.

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BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885

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