Ajay Tyagi of UTI AMC suggests that while overall market valuations have softened, mid and small caps remain expensive, potentially needing further correction. He anticipates challenges in alpha generation due to external factors but sees opportunities as market froth dissipates.
Positive Breakout: These 11 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 11 stocks’ close prices crossed above their 200 DMA (Daily Moving