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.
One bitcoin bull cuts forecast by half as “cold breeze” blows
Standard Chartered has halved its bitcoin price forecasts for 2025 and 2026, citing weaker demand and a shift toward ETF-driven buying. Analyst Geoff Kendrick now