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Arshiya International: One of Kotak’s top 5 picks for 2013, down 50% in 3 days
This article was posted on Jan 12, 2013 and is filed under Market News
Kotak had put this as one of the top picks of 2013 along with ICICI Bank and Marico, even though the stock was exactly at the same level as it was in December 2011, when the Sensex was 15,455, as compared to 19,664 now
We have often mentioned that securities analysts and fund managers are often blind about corporate governance issues. Here is one more excellent example of that. Kotak Securities picked Arshiya International as one of the top five stocks for 2013. This company which is largely unknown to the investing public was placed in the august company of such blue chip stocks as ICICI Bank, Marico, Petronet and Engineers India as one of the tops picks for 2013.
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