1. Home
  2. Business
  3. Investors beaming with confidence as mid-cap rally

Investors beaming with confidence as mid-cap rally

Updated Date
The sharp rally in mid- and small-cap stocks this year has been quite good for listed companies promoters. Thanks to this, they have now come into the exclusive club of dollar billionaires.
Motilal Oswal of Motilal Financial Services, Nimesh Kampani of JM Financial Services and R G Chandramogan of Hatsun Agro Products are the new entrants of this club, enjoying a net worth of more than Rs 6,450 crore or $1 billion.
The increase in the number of companies that are part of this exclusive club this year has happened because of a sharp rally in the mid- and small-cap stocks alongside rupee appreciation.
Talking about investor perspective, in few of the stocks, they have chased growth where the fundamental prospects improved.
MRF has created quite a buzz among investors as the input price for the company (rubber) crashed. Given the huge chunk of liquidity, investors are always interested in good investment themes rather than just focusing on premium alone.
In the coming months, good quality stocks having decent balance sheets will continue to add to investors’ and promoters’ wealth.
The mid-caps are quite volatile at this juncture and there is a strong possibility that it can fall more than the frontline indices in case of a market correction.
As the economy gets better, the earnings growth is going to be lot quicker.

Also Read :- Indian Rupee rises 37 paise to 81.30 against US dollar
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...