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While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market has panned out at the start of 2024, there is probability of a selective correction taking place. So, it is stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significan...

For a large majority of investors, when the word “ large cap” is used , it is stocks like HDFC bank, ICICI and other big names come to mind. The fact is that these stocks have moved into the mega cap category. There is another set of stocks which have now entered into large cap territory when it comes to market capitalisation but in terms of certain aspects of business, some of these are from sectors which are getting discovered or getting re-rated as if they are mid-cap stocks. Having exposure to them might appear to be risky, but then the possibility of reward is higher as more ...

It might surprise the majority that the first sector to get re-rated post liberalization in 1991 was the “ hotel sector”. The reason, it was expected that both business traffic and tourist traffic to India would see a boom. In fact it did happen but then as usual , many new players entered and existing players in their wisdom took debt to expand presence and we saw the industry getting into trouble. It is almost after two decades that in covid and post covid, there has been a consolidation. Many builders who turned into hoteliers are the ones which have been moving out of business.

According to a recent report by BookMyShow, the footfall in India’s music festivals went up by nearly 82% in 2023, year-on-year, to reach 13.5 million. Most of them were from metros such as Delhi-NCR, Mumbai and Hyderabad, but the growth was driven by fans from Tier-II cities such as Lucknow and Bhubaneswar. Footfalls from these places increased by nearly 225%. The music festival market in India is estimated to be worth `1,000 crore, as per industry sources.

If one looks at reasons for the out-performance of stocks like TVS motors and Tata motors, a large part of it can be attributed to their moving early into EV space. Now let’s go back a couple of years. What dominated the headlines was the XYZ startup focused on EV space has become a unicorn because it has raised US $ 20 million at such and such valuations. Here we need to make a distinction between the total amount raised which will go into operation of the company and the valuations. The total amount which is real business is just Rs 150 crore, though the valuation has crossed more than...