The brokerage said the estimated Price to Earnings ratio – a popular valuation measure – at 19 times is near its five-year average, while foreign investors are most underweight in 15 years.
Hindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSUs to
Polycab shares have fallen 17% from their June peak after UltraTech entered the wires and cables segment. Jefferies retained its Buy rating and Rs 11,100
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