Page 3 - Sansera Engineering News Today

Stocks to watch: Shares of firms like PVR Inox, Maruti, ITC, SBI, Power Grid, Lupin, and others will be in focus on Tuesday's trade.

Notwithstanding the risk involved, analysts are upbeat on micro-cap investing as India remains in a firm bull market. Moreover, these stocks are available at relatively cheaper valuations compared to large, mid and small caps, assuring alpha returns. With a market-capitalisation (market-cap) of up to Rs 10,000 crore, micro-cap stocks are outside the purview of Nifty 500 stocks, and are ranked from 501 to 750 in the market-cap ladder.

Small-cap stocks can prove multi-baggers as the upside potential is high, but so are the risks

The brokerage recommended a handful of stocks in the microcap universe such as Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Fusion Micro Finance, Repco Home Finance, Nazara Tech, Tatva Chintan, Astra Microwave, Kewal Kiran and Gokaldas Exports.

Earlier instances of bull markets in broader equities have seen microcap earnings yield spread over largecaps drop to near-zero versus current spread of 150-200 bps

ICICI Securities has flagged 12 counters from the microcap universe of 80 stocks that offer viable investment options with cheaper valuations and scope for expansion in risk tolerance. The brokerage firms report, however, cautioned investors about the liquidity risks in the microcap space. Stocks picked by ICICI Securities include Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Isgec Heavy Engineering, Fusion Micro Finance, Repco Home Finance and Tatva Chintan. The minimum q...

Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns

Block and bulk deals involving both buying and selling actions were prominent in at least 7 companies last week, such as Shriram Finance, Timken India, and HDFC Asset Management Company, among others. Piramal Enterprises and TPG India sold over 3.12 crore and 99.18 lakh shares, respectively, in Shriram Finance, which were worth Rs 4,824 crore and Rs 1,390 crore, respectively, while Abrdn Investment Management exited from HDFC AMC selling 2.18 crore shares for Rs 4,079 crore. At least 15 prominen...

Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts

Stock market LIVE updates on June 22, 2023: Among sectors, the Nifty IT index was down about 0.85 per cent, while the Nifty Metal index was up by 0.65 per cent