Mutual funds’ search for higher returns has taken them deep into the micro-cap zone, backed by a rise in the inflows and prices of these stocks. But a micro-cap-focused fund should ideally not be your first investment. A measured and careful exposure is fine, though.
Among midcaps, Trent (Rs 3,342 crore) was the top stock bet of five prominent insurance companies. Indian Hotels, Federal Bank, Ashok Leyland and Bharat Forge (Rs 1,550-1,900 crore) were their other midcap bets.
The shares of IDFC First Bank scaled a record high of Rs 98.99 each, keeping up the rally for the fourth straight trading session on September 4. With a 67 percent surge so far this year, it leads all listed banks
The Summit Bank Tuesday informed the Pakistan Stock Exchange that the bank s name had been changed to Bank Makramah Limited .In this regard, a consent/NOC has already been received from the State.