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Hi Eswar,
You can appear for Mat 2018 in May. the scores of MAT are valid till one year which means that you can apply when their admissions are announced in the next academic year. Also, there are more than 600 B-Schools which accept MAT scores. You can go through the list of participating universities to know your chances. Refer to this link to know more about the participating universities- MAT Participating Universities 2018
All the best.
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