My opinion is that the share price of Invits need not be exactly synchronized with the interest rate changes. The price can change 1 year after interest change occurs.
But definitely, when rates reduce by 1%, the share price of Invits that are giving >10% yield with minimum growth prospects are expected to increase by 15% and also Invits with 13% yield like IRBinvit and PGinvit are also set for price increase. Its just a matter of time.
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