As of December 31, LIC held 189 stocks with market capitalisations less than Rs 10,000 crore.
Some 120 companies managed to report over a 100 per cent rise in bottom line figures.
PMSes cater to wealthy investors with portfolio sizes exceeding Rs 50 lakh.
Even ace stock picker Rakesh Jhunjhunwala considers Damani his guru. This makes a case for zeroing in on his chosen stocks.
La Opala RG and Radico Khaitan emerged as new entrants in the AMC’s portfolio.
Leaders from the footwear sector have multiplied investor wealth in last 10 years.
The company has a market share of 73% and 45% in rail bookings and packaged drinking water.
Sharma says the market looks ready to pay a premium for quality firms with good governance.
On policy rate, RBI opted for status quo after the Budget slipped on fiscal deficit target.
Total income of the company increased nearly 11 per cent YoY to Rs 942.29 crore.
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