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Increases in promoter equity are generally considered to point to ‘good times’ for a company.
Jhunjhunwala bought 75,00,000 shares of the company to bring his stake in the firm to 2.65 per cent.
True to his reading, the trend seems to have started playing out.
About 17 mid-cap stocks have rallied between 20 per cent and 50 per cent since January 1.
After two years of lull in midcaps and smallcaps, the valuation gap is now narrowing.
Midcaps in 2020 will be driven by government’s efforts to boost demand, said Jefferies.
Evidence favours domestic midcaps in the year ahead, suggests a study by ICICI Securities.
As liquidity trickles down, it will have a cascading effect on growth and demand revival. We will see risk-on coming back as the liquidity starts flowing in. When you have abundant liquidity, after safety starts chasing returns, that will see the wide gap between midcaps and largecaps narrowing down. We are positive on 2020 from equity market and growth perspective.
The overall market breadth improved with much of action seen in midcap smallcap counters.
Porinju Veliyath said more than reforms, D-Street needs a sentimental booster to lift smaller stocks.
Whatever maybe the outcome of YES Bank fundraise, it will create a flutter in the market.
SBI is a proxy play on India’s macroeconomy because they represent 23% of nation's banking.
BSE Midcap and Smallcap indices are down 4 per cent and 9 per cent, respectively.
There has seen a sharp underperformance of the broader market vis-a-vis Nifty50.
The midcap space is looking highly lucrative after the underperformance in last two years.
Just a couple of years ago, there was a lot of optimism about midcap stocks.
Despite their underperformance, investors have not outrightly lowered exposure to midcaps.
Citi said the 30 per cent underperformance of the mid-cap index compared to the Sensex in the past two years merits the question whether it’s time to buy mid-caps.
The MSCI India Mid-Cap Index has lost 17 per cent in the past two years.
Sustenance of recovery is going to be the next big trigger for market.
Overseas funds had raised ownership in more than 60 midcaps in the September quarter.
The BSE500 index forms over 95 per cent of BSE’s total market capitalisation.
Just one out of every 10 PMSes could deliver over 5 per cent return for the month.
History suggests while largecaps kick off a rally, it is the midcaps that lead the show.
As of June 30,LIC held nearly 240 companies with m-cap of less than Rs 20,000 crore.
Valuations have been comfortable, but margins have been declining in some of the key tier-one IT players.
10-year govt bond yield signalling that there is risk aversion in the private bonds.
At this point, we are looking at a revival in capital expenditure, capital goods: Deepak Shenoy
"Flows in India will come about if the growth outlook for India improves meaningfully."
A few felt there was value emerging in select stocks, and bottom up approach was the way out.
IT which was doing reasonably well, now seems to be in trouble after the Budget.
The Budget has got lots of incremental good things but no big bang mega announcement.
Ecosystem is turning conducive for small and midcaps, says Kotak AMC MD.
The broader indices have bounced back sharply after falling badly several times in the past.
An IT firm rose as much as 142 per cent till June 28 from December 31 last year.