Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index’s rally, as per reports. The top contributors include PSUs, financial services, and energy companies.
Nilesh Shah of Kotak AMC remains optimistic about consumer discretionary spending, citing tax rebates, reduced EMI burdens, and the upcoming 8th Pay Commission. He favors
Rajesh Bhosale from Angel One anticipates a strong upward trend in State Bank. He advises purchasing it around 818-820 levels, setting a stop loss at
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