What to do with Paytm, HUL, Adani Green and 3 other stocks? Aamar Deo of Angel One decodes

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Indian markets seem to have dusted the election outcome and have been on the up for the second week in a row. Unlike in 2014 and 2019 when Mr Modi came back with a more decisive mandate, this time the markets have outperformed with a lower mandate. What is your view on this exuberance?

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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitMarkets are inherently intelligent by nature and structure, and given the kind of election mandate, markets had factored in the anti-incumbency & challenges that the government would face in the elections. However, as the results were in wide disparity when compared with the exit polls, markets witnessed heightened volatility, but then recovered sharply to trade at record highs, up 4.34% in June.