Mrinal Singh, CEO and CIO of InCred Asset Management, is positive about rural demand recovery in India over the next 1-2 years due to upcoming elections. He believes that sectors such as IT, power utilities, urban discretionary, and manufacturing will perform well once rural demand picks up. Singh s India Value and Growth Fund (IVGF) has achieved a CAGR return of around 19.3% since its inception, while the Emerging Business Fund (EBF) has returned close to 17% in one year. Singh selects stocks based on good management, business, and valuation. He is overweight on sectors like auto, consumer, healthcare, industrials, chemicals, IT, and telecom.
Based on the OI percentage, 51 stocks, including Honeywell Automation, Ramco Cements, Navin Fluorine International, AU Small Finance Bank, and Dixon Technologies saw a long unwinding.
Radiant Cash Management Services Ltd has garnered Rs 116.38 crore from anchor investors ahead of its initial public offering that opens for public subscription on Friday, December 23, 2022.