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We have seen a short build-up in 61 stocks including Persistent Systems, Bandhan Bank, JK Cement, Atul, and Divis Laboratories, based on the OI percentage.
Based on the OI percentage, 94 stocks including Oracle Financial, JK Cement, Rain Industries, Exide Industries and Punjab National Bank saw a long unwinding.
Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks topped the list, with its EPS increasing 9,488% to Rs 156.37, while multibagger stock Ramky Infrastructure saw a 4,729% spike to Rs 164.83. Analysts recommend investing in small companies with high growth rates and low starting valuations to maximise returns.
ETMarkets has identified 9 stocks with a market cap of over Rs 10,000 crore that have shown a bullish MACD crossover signal, indicating a potential upward trend. Godrej Industries, Data Patterns (India), Carborundum Universal, UNO Minda, Asian Paints, Bata India, Honeywell Automation India, Indian Oil Corporation, and Coforge are the companies identified. These companies operate in various sectors such as consumer goods, electronics, automotive components, paints, automation, oil refining, and IT solutions, making them significant players in their respective markets and potential opportunities...
The Allahabad High Court has ruled that the discretion given to Facilitation Council under Section 18(3) of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) in respect of...