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Tata Group's non-banking arm Tata Capital ($300 million), Prem Watsa-backed IIFL Finance ($300 million) and Anil Agarwal's Vedanta Resources ($500 million) are ready to hit the market, as they seek to stay away from the market in the initial weeks of the Trump presidency, these people said. The first issue is likely to happen as early as Monday.
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News and Media
Traders need to follow strict risk management in fresh trades. Bank Nifty has underperformed the benchmark index and closed with a fresh breakdown on the weekly chart. It is likely to underperform Nifty in coming days.
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Analysts recommend PNB Housing Finance, Hyundai Motor, LIC, and Coal India stocks for their significant growth potential. PNB Housing potentially offers a 78% increase due to strong fundamentals, while Hyundai and LIC present considerable returns. Coal India is seen as top pick within metals and mining, driven by power demand and attractive valuations.
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