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MFs bet on laggards with potential for leadership | Economic Times

MFs bet on laggards with potential for leadership https://ifttt.com/images/no_image_card.png​​The bet on bank stocks is that the pick-up in the credit cycle is expected to benefit smaller lenders, which have cleaned up their books and posted healthy profits in the September quarter. Fund managers also purchased shares of select companies in pharma, IT, defence, cement and hospitality because of cheaper valuations.
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