Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.
Investors search for reasons why a Wall Street stock goes up or down in price. Often, the explanation is straightforward: Earnings are either good or bad. The business outlook for a company is either positive or negative. The macroeconomic outlook is also important. When, as today, interest rates are high, some people will prefer the safety of investments in the Treasury market or investment-grade bonds.