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ETMarkets Smart Talk: Be cautious picking stocks in PSU Bank space after multibagger rally: Kedar Kadam
The rally in PSU stocks was driven by improved ROE profile and govt policies, but caution is needed due to high valuations. Positive stance on Indian equities. Indian economy grows at 8.4% in Q3FY24. Investor interest returning to debt mutual funds. Positive view on tourism & hospitality sector. Caution advised for SME IPOs compared to mainboard.