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India Inc’s earnings downgrades likely to continue
The domestic stock market has been witnessing many changes in recent times. FIIs have been selling while mutual funds are holding up the market. India Inc continues to see earnings downgrades and there has been a strong polarisation between the performers and non-performers. We caught up with Gautam Duggad, Head of Research, Institutional Equities at MOFSL, to try and understand where we are headed from here.
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