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Data Infrastructure Trust's 6.06 crore shares at an average price of Rs 153.95 exchanged hands. While Axis Bank were the sellers, Anahere Investment were the buyers.
Polycab’s fortunes, impacted by tax evasion reports, will depend upon the annual results, due on January 18. Analysts expect the company to come out unscathed.
Anirudh Garg, founder and fund manager at Invasset PMS, believes in the ‘two run’ theory and says whatever has happened in the last three years, won’t take off now, like IT and chemicals. He is now bullish on railway, defence and OMC stocks.
“Markets are typically volatile when political risk is there. But FIIs have been sellers. Out of the last seven years, FIIs have been buyers for one year. When FIIs come back, a new growth stock, a new story will get created and stocks can rally multiple times. Look at growth. Look at companies who can do 30%, 40% growth that is where big money can be made.”
Amit Jeswani, Founder, Stallion Asset Management shared two stocks that hold the potential to shine in the coming year, at the Moneycontrol Diwali celebration.
Midcaps have outperformed largecaps so far, ever since the market upmove started from March. Nifty 50 is up 13 percent while Nifty Midcap 100 is up over 32 percent. During this time, valuations in the midcap space have become extremely frothy