Some sectors like aviation, hospitality, travel and tourism, and automobile have witnessed zero cash flow since the lockdown began.
These five stocks, which have lagged the markets over the last two years, have doubled in value since March 23.
'The effect will be seen two-three quarters down the line.'
The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
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