Five top performing midcap funds have delivered up to 21 per cent returns in the last one year in comparison with a 3 per cent drop in the BSE Midcap index. These mutual fund schemes have their top holdings from different sectors, yet they managed to perform well, suggesting bottom-up investing working for the schemes. … Read more
Mahindra Holidays & Resorts’ focus on keeping its capital cost under control and ensuring that part of those savings are passed on to its customers have helped it keep its head above water even when Covid brought the hospitality industry to its knees. Synopsis Club Mahindra operates on a unique business model: customers have to … Read more
As India recorded a rise in Covid-19 cases, share prices of multiplex operators tanked big time on Monday, as investors saw their outlook deteriorating once again. India logged 4,518 new coronavirus infections on Sunday, which is more than double of what it recorded a couple of weeks back. An increase of 1,730 cases in the … Read more
Indian companies have struggled to meet investor expectations in the March quarter. But there are a few firms that have seen earnings upgrades after the fourth quarter. Out of the NSE 500 stocks, 20 have seen both earnings upgrades and upward price target revisions, according to Bloomberg analyst consensus estimates. These include , , , … Read more
Metal stocks like Tata Steel, JSW Steel and Jindal Steel and Power are looking very convincing from here on, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Would you apply the same logic to the hotel sector picks seeing that if travel is picking up ideally we should likely also … Read more
It will take some time for that system to re-energise or to find its feet again. Expect volatility for next one month, says the Founder, Capital Mind. Do you think there would be further weakness in the market both globally as well as locally?There is obviously going to be some pullback. Currently, I do not … Read more
Shares of Indian Hotels and Federal Bank hogged the limelight on Monday after latest shareholding data showed that ace stock picker Rakesh Jhunjhunwala bought shares in these firms during the April-June period. Indian Hotels closed 2.64 per cent higher at Rs 81.65 on the BSE, while Federal Bank settled nearly 3 per cent up at … Read more