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Pace Financial s Tresor Flexi fund was the top-performing PMS scheme last month with a 7.4% return, followed by Tresor Prive s 4.73% gain and 4.7% upside in Tresor Sustainer, shows data pulled from PMSBazaar.
Smallcap selloff: Tata Investment Corporation Ltd, HUDCO, MMTC, Network 18, TV18 Broadcast, SPARC and NBCC were a few other stocks hitting their 5 per cent lower circuit limits.
Because the market cheers order wins and drives up the stock price in the short term, managements play the market smartly by bidding for orders which they know won t ever make a profit