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Porinju Veliyath’s all-time favourite stock has severely under-performed the benchmark indices. There appears to be more turbulent weather ahead for it if you go by Rakesh Jhunjhunwala’s latest prediction
Porinju Veliyath has been aggressively buying the stock of Selan Exploration, the producer of crude oil. However, the recent blood-curdling prediction by Goldman Sachs that crude oil prices are likely to slump to a low of $20 per barrel on the back of a glut in production and a fall in demand has raised doubts about the veracity of Porinju’s bullishness for Selan Exploration
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