Stay updated with breaking news from Summit Securities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Holding companies index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.
The market capitalisation of RPG Enterprises companies, led by Harsh Goenka, grew by a staggering 77% in FY24 to Rs 45,932 crore as of March 22, data by Ace Equity showed.
An analysis of all BSE-listed companies with a market capitalisation of at least Rs 1,000 crore shows that there are at least 70 companies which reported PAT (profit after tax) margin of at least 25% in all the last four quarters. Out of them, we have filtered out 14 stocks that have given multibagger returns in the last one year.
In this week, BSE Sensex gained 0.26 percent or 175.31 points to ends at 65,970.04, while Nifty50 rose 62.9 points or 0.31 percent to close at 19,794.7.
“As the tone of the market is sideways, defensive stocks are outperforming and there is the traction which we can see. So, Glaxo can be bought at Rs 1640; Rs 1540 should be the stop loss and Rs 1,745 to 1,850 should be the target. The second one, Glenmark, is again from defensive space. It can be bought at Rs 793; Rs 740 should be the stop loss and Rs 900 to 1,000 should be the target.”