ETMarkets Smart Talk: Think again if you plan to increase exposure towards small & midcaps in 2024

As most mid and smallcap stocks lack value, as they have witnessed significant re-rating in multiples without a strong underlying business model or competitive advantage.Therefore, it may be wise to re-evaluate investments in this space and consider shifting focus towards large-cap stocks, which have the potential to deliver stronger performance in the coming year.

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Work starts on $2-billion Tata Capital IPO

The conglomerate recently gave Kotak Investment Banking officials the go-ahead to commence the process after a meeting, they said. It plans to appoint additional bankers