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Published 11:22 IST, August 27th 2024

Foreign investors switch to IPOs, exit overvalued Indian stocks

The NSE Nifty 50 index has risen 14 per cent this year, with large- and mid-cap stocks trading at 24 times their projected 12-month earnings.

Reported by: Business Desk
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IBL Finance IPO
Foreign investors are attracted to the relatively lower valuations in the primary market. | Image: Freepik
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11:22 IST, August 27th 2024