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M&M, ONGC, Coal India may give better downside protection: CLSA

Monday 8th Aug 2011 1344

New Delhi : Asia's leading brokerage and investment group sees broad-based slowdown in India's growth story.

Going forward risk aversion will lead to rise in cost of capital which will thereby lead to EPS cuts in commodity stocks, banks which might see further downgrades. CLSA views the Reserve Bank of India will change its policy soon.

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