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# 647 Daily Money Show | Money Purse Stock Market News

43.9K views · Sep 15, 2023 · 17:16 min · Watch on YouTube ↗
Takeaway

Electronic manufacturing and chip-display capex provide long-term structural beneficiaries; richly-valued stocks need fundamentals to hold.

Summary

  • Sensex 67,838; Nifty 20,192; mid-cap +0.10%, small-cap +0.18%, Bank Nifty +0.5%.
  • Last four-month winner stocks gained nearly 100%; many at expensive valuations now.
  • Electronic manufacturing and chip-display industry: companies signing $10 billion investment plans — major capex theme.
  • CRM Spirits target Rs 720 vs Rs 650; second-order value Rs 202 crore for a defense beneficiary.
chip manufacturingcapexmarket news
Original description
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