Shades of wealth! Four smallcap financial stocks have turned multibaggers since last Holi. Do you own any?

Shades of wealth! Four smallcap financial stocks have turned multibaggers since last Holi. Do you own any?

Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more

Kotak recommends buy for holding cos of Equitas, Ujjivan, sees better risk reward

Kotak recommends buy for holding cos of Equitas, Ujjivan, sees better risk reward

Mumbai: Kotak Institutional Equities recommends buying holding companies given the current valuations and large holding company discount. The brokerage said it is seeing diverging performance for small finance bank shares leading to holding company discount for Equitas Holdings declining to below 30% from around 45-50% levels since listing of the small finance bank. The brokerage … Read more