Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only … Read more
Smart money has recently shifted toward fast-moving consumer goods (FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high … Read more
ET Intelligence Group: The share of assets under management (AUM) by midcap funds has surpassed that of large-cap funds by 0.6 percentage point, the most on record, as per data from the Association of Mutual Funds in India. Midcap funds constitute 12.9% of the total equity AUM, compared with 12.3% for their large-cap peers. Now, … Read more
“Do not be too aggressive in how your portfolio is constructed. That is our broad tone. There are multiple reasons for it. And if you go through why India has done well over the last four-five years and pretty much from COVID to now, the key reason we think is it is a combination of … Read more
Fiscal 2024 has come to an end with a lot of churn in the broader market, which spilled, to a certain extent, onto the largecap stocks as well. If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small … Read more
Mumbai: Kotak Institutional Equities said most mid-cap and small-cap stocks are still trading at ‘full-to-lofty’ valuations and well above their fundamental values despite the sharp correction in recent weeks. The brokerage said many low-quality stocks may still have a ‘long way to fall’. “We are not sure if the correction marks a reversal of the … Read more
Some foreign companies are paring stakes in their Indian businesses, taking advantage of the nation’s booming equity market to raise cash. At least seven firms including US home appliance giant Whirlpool Corp. and Singapore Telecommunications Ltd., have reduced holdings in their local units since June, data compiled by Bloomberg show. British American Tobacco Plc. said … Read more
MUMBAI: Sebi chief Madhabi Puri Buch on Monday flagged “froth” in small and mid-cap stocks, referring to “off the charts” valuations in these market segments. She also said that there are signs of price manipulation in small and medium enterprises segment.The markets regulator is willing to review norms that mandate small and mid-cap funds to … Read more
Mumbai: Market participants are recommending caution to retail investors who are mulling putting money in the government’s share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors … Read more
Mumbai: Brokerage CLSA has reiterated its cautious stance on the Indian steel sector, citing pressure on profitability and higher valuations. The firm downgraded its ratings on Tata Steel and JSW Steel to ‘sell’ while maintaining an underperform on Jindal Steel and Power (JSPL). “The sharp increase/ramp-up of blast furnace-based steel capacity in India over the … Read more