Value Line Advisors Private Limited

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We remain upbeat on India over the long term
Indian market will remain volatile and strongly correlated to global markets in the near term
We believe the new issue markets will reopen in September this year
Given the pipeline we recommend issuers to be the first to approach the markets when they reopen
We believe the issuers should start work at the earliest and be in a state of preparedness to tap the markets when they reopen

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