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Underweight on BFSI, telecom: Prabhudas Lilladher

Apurva Shah, VP – head of research at Prabhudas Lilladher, says some more downside can be expected in markets but we are not going to see any significant downside. Being underweight on entire BFSI and telecom space has worked well for us, he adds. He recommends select cap goods and construction space.

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