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.
HDFC Bank a “screaming buy” amid uncertainty: Sameer Dalal
Market expert Sameer Dalal views HDFC Bank as a ‘screaming buy’ despite current market jitters and governance concerns. He believes the bank’s current valuation offers