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RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored illegal diversion of over 3 lakh hectares of forest land since 2008 for non-forest activities
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.
Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover