Technical analysts expect the Nifty to find resistance at 18,500 in the coming week after declining for four straight days last week. Nifty closed at 18,114.90 on Friday. Analysts said the broader trend remains positive, with financials likely to outperform in the coming days but midcaps may fall further. NAVNEET DAGASENIOR DERIVATIVES ANALYST – INSTITUTIONAL … Read more
Mumbai: The initial public offerings (IPOs) of of Vijaya Diagnostics Centre and Ami Organics closed with a subscription of 4.5 times and 64.6 times, respectively, on Friday. Analysts said revival in the mid and smallcaps in the secondary market after a weak performance in August has helped these IPOs, though the market participants favoured specialty … Read more
NEW DELHI: Gujarat-based Exxaro Tiles on Wednesday kicked off its Rs 161 crore IPO. On the block is a fresh issue of 1,11,86,000 shares and an offer of sale (OFS) of 2,238,000 shares by one of its shareholders. The price band of the issue is fixed at Rs 118-120. On Tuesday, the company allotted 19,73,325 … Read more
Where to invest: largecaps, midcaps or smallcaps? That’s the question investors keep wrestling with most of the time. The question has become all the more relevant in the current market, where the indices are trading near their high points. There is empirical evidence that in the runup to each market peak, valuations of smaller companies … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more
There is a fantastic growth opportunity in companies like Escorts, Sterlite Technologies Emami, LIC Housing Finance and Glenmark, says the CEO, Kim Eng Securities. How are you analysing the investing environment right now after the very sharp rally? Some sentiment impetus is coming for midcaps also. How are you looking at the largecap stocks as … Read more
We believe that the largecap space will continue to benefit from FII flows which will be sustained over the next three to five year period, says the MD & CEO, Sundaram Mutual Fund. You have got your new fund offering opening tomorrow. Do you want to run us through that?Yes, as you know Sundaram over … Read more
It looks like Torrent Pharma is going to make fresh 52-week highs past Rs 3,100 and possibly even Rs 3,500, says the Chief Market Technician, cashthechaos.com How are you reading the market right now? Today it has been extremely range bound for the front line indices. Is it readying for a big breakout or some … Read more
Probably it is time for Reliance to cool off a bit and that will be good for a bigger run in the future. If it cools off, that will be the right opportunity to buy this stock. One should definitely look at it then, says the Valentis Advisors Fund Manager. After an action-packed week, it … Read more