Observing that allowing a developer, who delayed implementing a slum rehabilitation scheme in Khar West’s Murugan Chawl by over two decades, to continue further would be a devastating decision, the Bombay high court upheld the termination of his appointment.
The accused have been charged under various sections of Indian Penal Code including cheating, fraud, destruction of evidence and falsification of documents.
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NEW DELHI: After a prolonged carnage since January 2018, midcaps and smallcaps have risen sharply in the last one year. The post-Covid market recovery not only lifted these ailing segments out of the rut, but also taken them past blue chips and largecaps in terms of percentage gains. Many of them also reported turnaround in earnings.
The BSE Smallcap Index has gone ahead of the Largecap Index in terms of forward valuations, while the Midcap Index is still trading at a 10 per cent discount. The Smallcap Index is up some 110 per cent in last one year, whereas BSE Midcap Index has delivered 81 per cent and the Sensex, 55 per cent.
Midcaps and smallcaps will recover faster
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Last Updated: May 04, 2021, 05:28 PM IST
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Surjit Singh Arora, head of portfolio management services at Tata Asset Management, says he is overweight on four sectors - specialty chemicals, pharmaceuticals, industrials and consumer discretionary stocks. We are underweight financials but positive on private sector banks, he says. Edited excerpts from an interview.
How are you playing a multicap strategy? What is the distribution of large, mid and smallcaps?
Our flagship strategy at Tata PMS is ACT. A stands for all-weather stocks or basically bluechips of stable companies. So 35-40% of our portfolio is A category stocks which lend stability to our portfolio in terms of returns to investors.