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The stock prices have rallied sharply since we initiated coverage (DLFRs167 to Rs212, 27% up), (UnitechRs28 to Rs39, 39% up) and HDIL (Rs76 to Rs116, 53% up) in our view the recent rally is not supported by fundamentals due to a weak economy and slow down in the it / ITES sector.

Author

mayank19.m3632

Language

EN