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Samvat 2083 - Three stocks that Dipan Mehta is betting on for the new year

Reported by: CNBC TV18 ·

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Indian Oil

Summary

CNBC TV18 reported that Dipan Mehta of Paisasmart named three stocks he is betting on for Samvat 2083, the new Hindu accounting year that begins after Diwali. The outlet said one of them is Indian Oil Corporation, which he says trades below its book value and stands to gain as nearly 15 million tonnes of capacity and a large petrochemical complex come on stream. Book value is a company's net worth per share; trading below it means the share price is under that figure. Samvat 2083 is the year name in the Vikram Samvat calendar used for the stock market's traditional new year. This is the analyst's view, not Hypeless's.

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CNBC TV18  · · Tone 0

Samvat 2083 - Three stocks that Dipan Mehta is betting on for the new year

Indian Oil Corporation is trading below its book value and stands to benefit as nearly 15 million tons of capacity and a huge petrochemical complex come on stream, according to Dipan Mehta of Paisasmart.

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