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According to the data, among individual stocks, Dalmia Bharat, Dixon, and Polycab have significant open interest positions and rollover to the November series, implying strong momentum in these stocks.
Analysts speaking at the Moneycontrol Mutual Fund Summit in Mumbai were agreed that despite current high valuations, there were sectors hiding in plain sight
The S&P BSE Realty Index has emerged as one of the top-performing sectors, yielding a remarkable 45 per cent return over the past six months.
The three leading players, listed by market capitalisation, have substantially enriched investor wealth by 43-70 per cent during this period.
If the second quarter (Q2) of 2023-24 (FY24) updates from Macrotech Developers (Lodha) and Sobha, along with industry data for the quarter, serve as any indication, the trend of strong bookings for larger players is expected to continue.
The financial performance of PSU banks no doubt will be better and the stock prices have been marching upwards mean reverting to their historical fair value levels, says UmeshKumar Mehta of Samco.