Indian primary markets see record IPOs but long-term wealth creation tells a different story. Only a fraction of companies outperform the broader market over time. Investors are cautioned against IPO euphoria. Patience and selectivity are key to sustainable wealth. Valuations in mid and smallcaps remain a concern. Consumption and IT sectors show promise. FII ownership is currently low, offering comfort.
Positive Breakout: These 7 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 10,000 crore, seven stocks saw their closing prices cross above their 200-day moving