Stellar Performance! 7 stocks owned by smallcap MFs skyrocket 80-150% in 1 year
Over the past year, the BSE smallcap fund has seen a gain of around 33%, while the Sensex was up 24%. These results clearly demonstrate that smallcap is outperforming the benchmark. Smallcap mutual funds (MFs) are the ones that invest at least 65% of the corpus in smaller companies. SEBI has defined small companies as […]
9 stocks held by over 100 MFs have rallied more than 30% in FY24 so far
When many mutual fund schemes hold a particular stock, investors feel more assured purchasing it. In May 2023, a total of 118 stocks were found to be owned by over 100 mutual fund schemes. The latest mutual fund analysis by ETMarkets has identified nine stocks that have experienced a surge of over 30% in the […]
Number of Nifty200 cos with double-digit profit growth down sharply in 4 quarters; will they recover in FY24?
In Q1 2023, nearly half of the companies in the Nifty 200 index posted profit growth, despite a smaller number achieving a growth rate of over 25% than in the previous quarter. Russia’s invasion of Ukraine and rising commodity prices, along with increasing interest rates and inflation, hit earnings through most of the first three […]
Nykaa shares can rally up to 46% as buy calls get louder
Despite a disappointing performance in the last year, several brokerages predict a 46% rally in Nykaa stock due to the company’s balance between growth and profitability. The BPC business of FSN E-Commerce is expected to grow healthily, while beauty is expected to grow faster than the personal care category; the fashion business will sharpen its […]
Mid and smallcap indices hit new 52-week high. What should investors do?
Mid and small-cap indices hit new 52-week high on the back of low inflation and lower raw material prices triggered by a decline in crude oil prices. The Nifty Midcap100 index surged 0.71%, while the Nifty smallcap100 index rose 0.78%. Since April, the Nifty Midcap100 gained 12.5%, while Smallcap100 advanced 20%, attributed to better domestic […]
Foreign investors ditch China to start $9 billion stock buying frenzy in India
Foreign institutional investors (FIIs) are investing heavily in Indian stocks in the first quarter of FY24, with daily average buying totaling around Rs 1,400 crore. Domestic institutional investors (DIIs) have bought stocks worth only about Rs 6,500 crore in the same period. Experts suggest China’s weakening economy has driven investors to India instead, with the […]
Technical stock picks: IRCTC among 7 stocks that can rally up to 18% in near term
The Indian equity market showcased a mixed performance in the last week after the US Fed left rates unchanged as anticipated but hinted at the possibility of more interest hikes later this year.
Sovereign Gold Bond scheme: 1st tranche of FY24 opens. Should you subscribe?
India’s Sovereign Gold Bond Scheme 2023-24 – Series I – has opened for subscription until June 23, with a settlement date of June 27. The issue price is INR 5,926 ($79) per gram of gold, with a discount of INR 50 for online subscriptions. Investors selling before eight years of investing would be subject to […]
Hot Stocks: Brokerages on VRL Logistics, Nykaa, Titagarh Wagons and MGL
HSBC has maintained a buy rating on VRL Logistics with a target price of Rs 800, while Macquarie has retained an underperform rating on Nykaa with a target price of Rs 115. Antique has initiated a buy rating on Titagarh Wagons with a target price of Rs 694, and Citigroup has a buy rating on […]
Big Movers on D-Street: What should investors do with Ramkrishna Forgings, Ashok Leyland and Kalyan Jewellers?
Benchmark indices closed near all-time highs supported by healthy FII buying. Ramkrishna Forgings’ and Kalyan Jewellers’ shares are poised to climb higher on bullish technical setups. Ramkrishna Forgings has formed an upward channel pattern on the daily chart and is trading above all important moving averages, while Kalyan Jewellers has witnessed a breakout of a […]