Market

Midcaps and smallcaps were largely down in the dumps for the whole of last year. Yet, a newly-launched PMS strategy generated 29 per cent returns in last 14 months investing mainly in midcaps! The secret? The PMS carefully picked shares of asset-light companies that had reinvestment moats, and avoided cyclical bets. The strategy is called Stallion Asset Core Fund, a PMS managed by market veteran Amit Jeswani. The fund delivered second-best yields since inception among the PMSes that started their journey in last one-and-half years. Only largecap-focused Marcellus Consistent Compounders, run by Dalal Street veteran Saurabh Mukherjea bettered it generating 30 per cent returns in 13 months. Jeswani says he invests in primarily two types of companies—those which do not need capital to grow and those which can consistently reinvest their capital at high ROIC (return on invested capital) and have a strong competitive advantage. “Our portfolio is largely focussed on … [Read more...] about Midcap-focused PMS makes a killing, delivers 29% amid broader market rout

NEW DELHI: Shares of infrastructure companies were trading on a mixed note in Wednesday's afternoon session. Shares of CG Power & Industrial Solutions (up 4.97 per cent), Reliance Infrastructure (up 4.87 per cent), Torrent Power (up 1.26 per cent), Adani Ports & Special Economic Zone (up 0.74 per cent), NHPC (up 0.58 per cent), Larsen & Toubro (up 0.45 per cent), GMR Infrastructure (up 0.22 per cent) and Adani Power (up 0.16 per cent) were among the top gainers. While Vodafone Idea (down 6.72 per cent), Reliance Power (down 4.55 per cent), NTPC (down 3.33 per cent), IRB Infrastructure Developers (down 2.69 per cent), Power Grid Corporation of India (down 2.59 per cent), Suzlon Energy (down 1.96 per cent), NBCC (India) (down 1.62 per cent), Bharti Infratel Ltd (down 0.79 per cent), Engineers India (down 0.7 per cent), NCC (down 0.61 per cent), Interglobe Aviation (down 0.61 per cent), Tata Power Company (down 0.59 per cent), Bharti Airtel (down 0.52 per cent), CESC (down … [Read more...] about Share market update: Infra stocks mixed; Reliance Power slumps 5%

NEW DELHI: Consumer Durables shares were trading on a mixed note in Wednesday's session. Shares of Symphony (up 3.08 per cent), CROMPTON (up 0.8 per cent), TTK Prestige (up 0.46 per cent) and Rajesh Exports (up 0.45 per cent) were among the top gainers. While Whirlpool of India (down 1.64 per cent), Voltas (down 0.97 per cent), PC Jeweller (down 0.87 per cent), Blue Star (down 0.84 per cent), VIP Industries (down 0.31 per cent) and Titan Company Ltd (down 0.01 per cent) were the top losers in the index. The S&P BSE Consumer Durables index was trading flat at 25,651.09 around 11:36 am. Benchmark NSE Nifty50 index was down 33.05 points at 12136.8 , while the BSE Sensex was down 110.28 points at 41,213.53. Among the 50 stocks in the Nifty index, 23 were trading in the green, while 26 were in the red. Shares of Vodafone Idea, YES Bank, Rain Industries , Tata Motors, ONGC, United Spirits, HDFC Bank, JSPL, SAIL and BHEL were among the most traded shares on the NSE. … [Read more...] about Share market update: Consumer Durables shares mixed; Symphony climbs 3%

NEW DELHI: Around 24 stocks fell to touch their 52-week lows on NSE in Wednesday's session. Among the stocks that touched their 52-week lows were Havells, Touchwood Entertainment, Agro Phos and CG Power. Cox & Kings, Rajvir Industries, Reliance Capital, Sical Logistics and Vikas WSP also featured among the stocks that touched their 52-week lows on NSE. Domestic benchmark index NSE Nifty was trading 32.55 points down at 12.137.3, while the BSE Sensex was trading 95.02 points down at 41,228.79. In the Nifty 50 index, Grasim Industries, HCL Tech, Infosys, TCS and Cipla were among the top gainers on the NSE. However, ONGC, Coal India, NTPC, Zee Entertainment and Tata Motors were among the top losers. … [Read more...] about Stock market update: 24 stocks hit 52-week lows on NSE

NEW DELHI: Shares of PSU were trading with losses in Wednesday's afternoon session. Shares of Oil India (down 4.76 per cent), Coal India (down 4.67 per cent), Oil & Natural Gas Corporation (down 4.15 per cent), NTPC (down 3.5 per cent), Bharat Electronics (down 2.95 per cent), Power Grid Corporation of India (down 2.69 per cent), REC (down 2.05 per cent), Power Finance Corporation (down 1.97 per cent), National Mineral Development Corp (down 1.9 per cent), General Insurance (down 1.37 per cent), New Indian Assurance (down 1.03 per cent), Steel Authority of India (down 1 per cent), Bharat Petroleum Corporation (down 0.96 per cent), Indian Oil Corporation (down 0.65 per cent), National Aluminium Company (down 0.44 per cent), Container Corporation of India (down 0.3 per cent) and Bharat Heavy Electricals (down 0.12 per cent) were the top losers in the index. The Nifty PSE index was trading 2.23 per cent down at 3102.25 around 12:13 pm. Benchmark NSE Nifty50 index was down 45.65 … [Read more...] about Share market update: PSU shares decline; Oil India falls 5%