GameStop saga squeezes stock gains of the rich By WILLIAM HENNELLY in New York | China Daily Global | Updated: 2021-02-03 09:01
GameStop stock graph is seen in front of the company s logo in this illustration taken Feb 2, 2021. [Photo/Agencies]
Individual-institution standoff is somewhat reminiscent of the 2008 great recession
The stock market frenzy over GameStop cooled on Monday, with the video game retailer s shares dropping more than 30 percent, as the action shifted to the silver market.
An effort to drive up the price of silver succeeded on Monday, but it was much more muted than the GameStop activity, namely because the price of commodities is more difficult to manipulate.
We focus on clean, dominant, high RoCE and low-debt small and midcap companies: Ashvin Shetty of Marcellus Investment Managers
Little Champs portfolio is to identify and invest in 15-20 niche-dominant small cap companies with clean accounts & corporate governance, track record of prudent capital allocation, and at the same time decent growth potential. February 03, 2021 / 08:55 AM IST
Ashvin Shetty, who has over a decade of experience in the capital market, says that he remains more positive on clean, dominant, high RoCE and low debt small and midcap companies,
In an interview with Moneycontrol’s Kshitij Anand, Shetty said that the strategy of Little Champs portfolio is to identify and invest in 15-20 niche-dominant small-cap companies with clean accounts & corporate governance, a track record of prudent capital allocation, and at the same time have decent growth potential. Edited excerpts:
DAILY VOICE | Budget 2021 has set the tone for economy for next 2-3 years: Harshad Chetanwala of MyWealthGrowth
Overall, if the economy does well every sector does well. Some of the sectors that could do well are banks, consumer discretionary, capital goods, and infrastructure, says Chetanwala. February 02, 2021 / 08:01 AM IST
This Budget is forward-looking and sets the tone for the next 2 – 3 years. It re-emphasizes the potential of India as an economy and highlights the growth prospects of investing in India,
Harshad Chetanwala, Co-Founder- MyWealthGrowth.com said in an interview with Moneycontrol’s Sunil Matkar.
Edited excerpts:
Q) What is your reading on Union Budget 2021 and is it really a game-changer one? Have the budget met your expectations? What is your rating out of 10?