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  78% Gain & Going Strong; Maruti Stays a St Darling  
  The stock of Maruti Suzuki India has gained 78% in 2017 so far. At FY18 forward price-earnings (P/E) multiple of 27, it now commands 62% premium to its long-term average P/E of 16. Analysts still continue to be bullish on the stock following strong demand, the company’s competitive edge over peers due to leadership position, and a slew of products catering to various price categories. On sustained buying by institutions, the stock is now the sixth most valued on Indian bourses.  
  FM Says India on Road to Fiscal Consolidation  
  Finance minister Arun Jaitley said India is following the roadmap of fiscal consolidation and the country’s economic growth in the second quarter marks the reversal of a declining trend. The minister also sought to allay apprehensions over provisions of Financial Resolution and Deposit Insurance Bill and said the government will fully protect the public’s deposits in financial institutions.  
  Many foreign brokerages are upbeat on Indian equities and expect the benchmark indices to deliver 8-17% returns in the coming year. This will be in an environment likely to be marked by falling interest rates and subdued property market, but a surge in mutual fund flows. Morgan Stanley sees Sensex at 35,700, while Nomura India sees Nifty50 at 11,880. Goldman Sachs, on the other hand, has predicted 16% return from the broader indices. But which Sensex or Nifty50 stocks will deliver the most  
  CLSA Maintains 'Buy' on Arvind, Raises Target Price  
  CLSA has raised its target price on Arvind to Rs.538 from Rs.440 while maintaining its ‘buy’ rating. The brokerage said the proposed demerger of brands and retail (B&R) from the parent company should help create value. The stock rose 3.3% to close at Rs.445.65 on Monday "The B&R business appears to be at an inflexion point with the company expecting most brands exiting FY18 to have positive operating profit," the brokerage said in a client note.  
  Morgan Stanley has reiterated its bullish stance on India’s largest carmaker Maruti Suzuki India, raising its target price on the stock to Rs.10,563 — the highest on the Street. The target price was Rs.9,102 earlier. Its best-case scenario pegs target price for the carmaker at Rs.14,400, implying a 57.5% upside potential from the current levels.  
  Investing in Quality Management  
  In a scenario where valuations are steep, earnings recovery is slow and private sector capex is taking time to pick up, investors believe a stock-specific approach will work better than a market-cap bias approach.Launched in 2000, DSP BlackRock Opportunities Fund, an aggressive multicap fund, follows a "go anywhere" strategy, with no predefined market capitalisation limits while selecting stocks in the portfolio.