The FPI stake in these companies increased by 1.5% to 8% during the quarter while it fell by 24.2% in the S&P BSE 200 companies.
Assets under management (AUM) of boutique portfolio management services (PMS) firms have surged by 30-40% in the past two years.
Agricultural income plays a pivotal role to boost discretionary spending in UP. It accounts for a fourth of the state's GDP.
The stock is seeing increased interest from several institutional funds that were massively underweight on it due to the under-performance in the past eight years.
Experts believe investors are currently pricing in a bipolar contest between the Bharatiya Janata Party and the Samajwadi Party-Congress alliance.
10 companies drove the performance of Midcap index. These companies contributed nearly 40% to total net profit and 23% to revenue of the BSE Midcap index.
The stock traded at 24 times FY18E earnings, which appears rich. But as analysts roll over their estimates to FY19, it offers valuation comfort.
Five major stocks, the HDFC twins, ITC, TCS and Maruti, have contributed 45% of the index’s gains since the current rally began December 2016.
However the manufacturing units along with the low margin original equipment manufacturer (OEM) piece and the projects business that supplies ACs to railways have been kept out of this deal.
Havells likely to buy Lloyd Electric's consumer business for Rs 1500 crore, to get toehold in room AC segment
In a market crammed with about two dozen brands, Lloyd is third largest player in the room AC segment after Voltas and LG.
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