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5 stocks with 23% upside potential and reasonable valuation
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The strong support from foreign portfolio investments (FPIs) has lifted the stock market significantly in 2023-24 so far. The market benchmarks, Nifty 50 and BSE Sensex, retreated from their lifetime closing highs recently, and have delivered close to 13% returns since 31 March 2023.
Between April and July, FPIs have invested over Rs 1.45 lakh crore in domestic equities, as per the data compiled from NSDL. The July data is up to 25 July 2023.
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