Several smallcap and midcap stocks gained double-digit returns last week in the Indian market, while Sensex remained mostly flat. The gains were driven by strong performance results and growth outlooks. Rail-related firms were in demand following an impressive FY23 performance by Indian Railways, while companies such as IndiaMART InterMESH, KEC International, and Mahindra & Mahindra Financial Services also reported robust results. The earnings visibility and predictability of these companies’ long-term growth led to the positive gains, which are expected to continue in the coming future.
IndiGo shares jump 4% after appointing former Air India Express CEO Aloke Singh as chief strategy head
IndiGo share price surged 4% after appointing Aloke Singh, former Air India Express CEO, as Chief Strategy Officer to guide long-term plans, including the significant