Here are the recommendations given by a financial fortnightly in the issue Jan 15, 2013, the recommended price and the current prices (in brackets) are as follows.
L& T – 1618 (980)
India Glycols – 164 (91)
M&M financial services – 1125 (1000, adjusted to the split price)
Va Tech Wabag – 540 (540)
Axis Bank – 1355 (1010)
LIC Housing finance – 293 (95)
ICICI Bank – 1142 (1080)
Financial Tech – 1114 (273)
Nifty was at 5500 levels in Jan 2013 and in Jan 2014 it is at around 6000 (though it went up to 6400 levels in Jan 2014). None of the above recommendations fetched any returns to investors, rather one would have lost much of the capital had they invested as per the recommendations.
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