Mumbai: Kotak Institutional Equities said most mid-cap and small-cap stocks are still trading at ‘full-to-lofty’ valuations and well above their fundamental values despite the sharp correction in recent weeks. The brokerage said many low-quality stocks may still have a ‘long way to fall’. “We are not sure if the correction marks a reversal of the … Read more
Mumbai: India’s stock benchmarks, Sensex and Nifty, have been hitting new records in recent weeks but beneath the surface, the optimism is showing signs of fizzling out. The advance decline ratio (ADR), a widely-watched indicator of the overall market health, is pointing to growing weakness in mid-cap and small-cap stocks. The ratio for all BSE … Read more
Indian equity markets extended their winning streak for the 8th consecutive calendar year, with the Nifty gaining 20% in 2023. Mid-cap and smallcap investors saw an even faster rise in wealth. Many IPOs delivered outstanding returns as investors rushed to new offerings amid a dearth of reasonably valued stocks in secondary market. Retail investors continued … Read more
