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Kranthi Bathini says the confidence in the Indian economy is the reason for the market rally,even as he counts inflation, prolonged high interest rates and geoploitical crises among big risks
“For me, there is no purn viram, it is not a full stop. I will sell all my shares and go back and do something else. This is my life. This is my business. I have realised one thing. This concept of bull market and bear market is all rubbish. There is no bull market and bear market. Treat it as a business.”
Topping the list is Kintech Renewables stock, which has jumped 7 times in FY24 and given more than 40% return so far in the month. The smallcap stock with a market capitalisation of just Rs 1,500 crore hardly has any analyst coverage.
Mixed trends seen on the sectoral front, with bank, metal, capital goods and realty up 0.4-1 percent each, while power, FMCG, and oil & gas down 0.3-1 percent.
This remarkable surge underscores the resilience and growth potential of these companies, with Cera Sanitaryware, Data Patterns and Esab India taking the lead.