MOFSL.
You represent a HNI and an ultra-HNI crowd. What are they buying?
Given the kind of up move that we have seen in the markets, there is a lot of appetite for the midcap and small cap companies. We have been covering a few of them and retail in particular has a fancy for stocks which have a low absolute price compared to valuations. That is something we are seeing as a major trend particularly from smaller retail clients or clients who have come into the market for the first time.
So, within the midcap space, we have been liking companies like Indian Energy Exchange or Crompton Consumers, Havells some of the PSU names like Bharat Electronics, GAIL because that sector again is in the limelight and the absolute prices are not too high with some of them offering very high dividend yields as well.