Mid-cap companies such as Kaynes Technologies, Astral, Sriram Finance, Star Health, Mold-Tek Packaging, Avalon Technologies, Bikaji Foods, and TCI Express are among the two dozen companies that have seen the highest number of management meetings with fund managers since August 1.
"Companies like Bhel, which have the spare capacity, which have the technology, which have been more or less pre-qualified for many projects and orders are getting the true benefit of it. So, from a valuation perspective, from near-term prospects and also medium-term prospects, certainly there is a trading opportunity in Bhel and with the kind of momentum that is in the stock, it can easily rally by another 10-15% or so. But I would not like to invest in Bhel in the longer term."
"Traditionally, foreign investors have always been more active in the largecap space because those stocks are much bigger and liquid but in the last couple of quarters we have been seeing that the exposure in the midcap space has been quite a bit better and which is why we have seen such a sharp rally in the mid and smallcap segment, more than 30% from the March lows, which is almost twice the 15% rally in the largecap."
Right out of college, he began his stock market journey as a trader in the grey market for initial public offerings. Over the years, the reclusive founder of Param Capital Group has built stakes in around 200 listed and unlisted companies
​Though we all are believers that this is a wealth-creating space, and if you are patient enough, disciplined enough over a 5-year, 10-year cycle, this space tends to be generally very good from an investor return perspective. But in the near term, there are some dark clouds which we need to be careful about.