Mutual funds (MFs) owned shares worth Rs 5.11 lakh crore worth in five top listed companies as of July 30. They included ICICI Bank, HDFC Bank, Infosys, Reliance Industries and State Bank of India. Four out of these five stocks have climbed 4-6 per cent in August so far. Price targets on the five stocks suggest 9-26 per cent potential upside.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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