The brokerage has a sell call on Dr Lal with a target price of ₹1,740, implying a potential downside of over 30 percent. Meanwhile, it has a reduce call on Metropolis with a target price of ₹1,350, indicating an over 7 percent downside.
In the past, the market has rallied whenever FIIs were net short on the market. Now that they are net long, should this be seen as a contrarian indicator?
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