Overseas investors looking to boost returns in India’s booming stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers. The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis … Read more
Jason Zweig quoted in his book The Intelligent Investor…The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is the one who knows when to take risks and buy shares when there is pessimism…and avoid risk and sell … Read more
Mukesh Ambani-led Reliance Industries (RIL) is currently sitting on a Rs 90 crore loss in a smallcap firm and a prominent player in film and television production Balaji Telefilms. In July 2017, RIL made an investment of Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms. The conglomerate purchased 25.2 million equity shares at Rs 164 … Read more
India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more
India’s markets regulator is looking at whether local mutual fund schemes investing in small and mid-cap stocks would be able to withstand sharp falls in stock prices or sudden outflows, according to two sources with direct knowledge of the matter. Such funds have seen heavy inflows over the past year, pushing up the prices of … Read more
Sun Pharmaceutical Industries. Share Price 1335.75 04:03 PM | 18 Jan 2024 36.75(2.83%) Cipla. Share Price 1322.95 04:03 PM | 18 Jan 2024 28.96(2.24%) Tech Mahindra. Share Price 1355.15 04:03 PM | 18 Jan 2024 28.41(2.15%) Tata Motors. Share Price 819.05 04:03 PM | 18 Jan 2024 13.50(1.68%) Axis Bank. Share Price 1097.50 04:03 PM … Read more
Thanks to the mad rally in smallcap stocks in the last one year, smallcap funds of portfolio management service firms gave the best returns to investors. About six smallcap PMS funds gave more than 50% returns in the last one year, data by PMS Bazaar showed. Siddhartha Bhaiya-led Aequitas Investments’ ‘India Opportunities’ smallcap fund topped … Read more
As Indian travellers promise to explore the uncharted territory of Indian islands like Lakshadweep in the wake of India vs Maldives controversy, investors have been gunning for a Gujarat-based smallcap company that recently won a contract to develop 50 tents in the Union Territory. Shares of Praveg, known for its luxury tent resorts in tourist … Read more
Led by a Rs 60,000-crore plus spending by FIIs in the holiday-heavy month, December has turned out to be the best month for Nifty in the last one-and-a-half years with a 7.8% rally. The headline index, which hit an all-time high of 21,801.45 on Thursday, had rallied 5.5% last November. The previous best monthly gain … Read more
Equity markets were mixed during the week with a steep crash, followed by a recovery as investors continued to buy the dips. As many as 49 smallcap stocks have delivered double-digit weekly returns with four of them offering over 25% returns. PC Jeweller was the top gainer in the smallcap pack with nearly 60% return, … Read more
