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Do Not get Carried in Euphoric Market

Posted By On 11/10/2007 03:15:00 PM
1. I call the present state in which Indian stock market is passing is in a state of euphoria else how can one justify the valuations being ascribed to Reliance petroleum.

2. Point to note is that this refinery is yet to start its production and in market capitalisation is challenging the public sector refineries which are Fortune 500 companies.

3. Caution is the buzz word to avoid getting burnt from stock market heat.

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