The Nifty 50 net gained about 2% in the current quarter, compared to the 10% gains it clocked in the June quarter. Nine of its 50 constituents gave 10-26% returns in the September quarter. Of these 9 constituents, three are public sector companies. The nine stocks are Coal India, NTPC, Larsen & Toubro, Oil and Natural Gas Corp, Cipla, Tata Steel, Adani Ports and Special Economic Zone, Hindalco Industries, and Grasim Industries.
“The investment cycle in India and in the Middle East where L&T is very strong is picking up in a big way. According to us, it will remain a beneficiary in the foreseeable future. For the next three to five years, we see nothing changing negatively for the sector and the company in specific. Our idea is to remain invested in structural ideas.”
IPO screener: Aeroflex issue subscribed 6 7 times on Day 1 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Aeroflex Industries Ltd raises over 103 crores from anchor investors equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.