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Top 10 NSE Midcap stocks with PE ratios below their industry averages, including LIC Housing Finance, Bank of India, Hindustan Petroleum, ACC, and Petronet LNG, may signal potential undervaluation or growth concerns.
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India’s robust 8.2% Q2 GDP growth initially propelled markets to record highs, with the Nifty and Sensex touching new peaks. However, a late pullback, led by pharma and financial stocks, saw indices close with marginal losses. Despite the dip, auto and IT sectors provided some support, with HDFC Bank and Bajaj Finance being notable decliners.
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The Indian rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with U.S.
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Despite a 27% decline in 2025, Anand Rathi sees Premier Energis as a strong buy, projecting 37% upside. Growth is driven by high-efficiency solar lines, plant consolidation, technology upgrades, and diversification into inverters and storage. Robust execution, R&D, and sector tailwinds support revenue and margin expansion.
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India’s markets hover near record highs as earnings stabilise and macro indicators strengthen. Baroda BNP Paribas MF’s Jitendra Sriram says financials, pharma, and power utilities will lead the next leg of the rally, while FII selling is set to ease as valuations improve. With GDP strong and policy turning supportive, broader market sentiment is poised to improve in 2025.
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