XL Axiata (EXCL) currently has market cap of Rp51.9 trillion, bigger than Adaro Energy (ADRO)’s Rp46.7 trillion, more than twice of Indosat (ISAT). XL Axiata now ranked 14th above Danamon with 35% gain year-to-date. Is XL Axiata substantially overbought, while Adaro oversold?
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