Deven Mehta of Choice Broking said investing 50 per cent in largecap stocks, 30 per cent in midcap stocks, and allocating the remaining 20 per cent in smallcap stocks can be a prudent approach.
Against a Sensex rise of 18.15 per cent in 2023, Infosys delivered a mere 1.25 per cent return; SBI gained 4.69 per cent, HDFC Bank 5.10 per cent, RIL 9.2 per cent and JSW Steel 12.87 per cent during the same period.
The BJP government has initiated various measures to increase the operational autonomy of the PSU companies and proposed significant reforms and divestment in these companies. Shares of power sector lenders REC and Power Finance Corporation have climbed 252 per cent and 241 per cent, respectively, in 2023, so far.