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Valuation: Valuation of midcap, smallcap stocks alarming with only 6% earnings growth: HDFC Securities CEO Dhiraj Relli

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Mid and small-cap stocks have shown alarming valuation trends, delivering about 24% returns with earnings growth of only 6%, says Dhiraj Relli, MD & CEO, HDFC Securities.

“Despite some correction, the SMID universe remains expensively valued. Large promoter exits warn retail investors about…

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