Investors in multiple smallcap and penny stocks, in which entities involved in the multi-crore Mahadev Online Book illegal betting application scam held a stake, have lost up to 37% this month. While Dubai-based alleged hawala operator Hari Shankar Tibrewala and related entities owned more than 30 listed stocks, at least 6 of them have been … Read more
Stock market returns are typically lumpy as prices do not move in a straight line but at least seven smallcap stocks have given double-digit returns in each of the last 5 months. Over the past five months, the benchmark index Sensex has witnessed an impressive surge of more than 12%, setting the stage for robust … Read more
Jason Zweig quoted in his book The Intelligent Investor…The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The Intelligent Investor is the one who knows when to take risks and buy shares when there is pessimism…and avoid risk and sell … Read more
Mukesh Ambani-led Reliance Industries (RIL) is currently sitting on a Rs 90 crore loss in a smallcap firm and a prominent player in film and television production Balaji Telefilms. In July 2017, RIL made an investment of Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms. The conglomerate purchased 25.2 million equity shares at Rs 164 … Read more
India’s markets regulator is looking at whether local mutual fund schemes investing in small and mid-cap stocks would be able to withstand sharp falls in stock prices or sudden outflows, according to two sources with direct knowledge of the matter. Such funds have seen heavy inflows over the past year, pushing up the prices of … Read more
Sun Pharmaceutical Industries. Share Price 1335.75 04:03 PM | 18 Jan 2024 36.75(2.83%) Cipla. Share Price 1322.95 04:03 PM | 18 Jan 2024 28.96(2.24%) Tech Mahindra. Share Price 1355.15 04:03 PM | 18 Jan 2024 28.41(2.15%) Tata Motors. Share Price 819.05 04:03 PM | 18 Jan 2024 13.50(1.68%) Axis Bank. Share Price 1097.50 04:03 PM … Read more
Thanks to the mad rally in smallcap stocks in the last one year, smallcap funds of portfolio management service firms gave the best returns to investors. About six smallcap PMS funds gave more than 50% returns in the last one year, data by PMS Bazaar showed. Siddhartha Bhaiya-led Aequitas Investments’ ‘India Opportunities’ smallcap fund topped … Read more
HCL Technologies. Share Price 1491.30 03:59 PM | 15 Dec 2023 76.71(5.42%) Tata Consultancy Services. Share Price 3861.00 03:59 PM | 15 Dec 2023 193.75(5.28%) Infosys. Share Price 1578.40 03:59 PM | 15 Dec 2023 76.96(5.12%) State Bank of India Share Price 648.25 03:59 PM | 15 Dec 2023 24.61(3.94%) Tata Steel. Share Price 136.45 … Read more
Notwithstanding the minor dip seen in the smallcap index last week, technical indicators suggest buying momentum will continue as the selling was just routine profit booking, says Sudeep Shah of SBI Securities.. “Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. … Read more
Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “smallcap stocks are the bottom 250 stocks of NSE 500 as per SEBI’s definition for a mutual fund investor. Putting 250 companies in one judgment itself is fundamentally incorrect. The smallest stock in the smallcap index is a Rs 3,200-crore market cap company and the largest one … Read more