“As per our ‘Nifty fair value’ model, the index is now close to 20% overvalued. Thus, we do not anticipate a large upside to the index from this point. The most likely outcome for the index in the next 6-9 month period seems to be a time correction,” Kotak said in a note.
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.
India’s largest private lender HDFC Bank has submitted the names of two candidates to the Reserve Bank of India for the position of managing director
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