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In the midcap rally of FY24, 23 stocks out of the 111 on the index, turned out to be multi-baggers. But only four stocks were the triumphant tortoise: Trent, Aurobindo Pharma, Lupin and Solar Industries ....
At least 53 smallcaps from the pack of 250 smallcap index constituents have gained more than 10 percent since March 13, and as many as 113 stocks have recovered more than 5 percent ....
Beyond thematic indices, strategy indices that focus on low volatility have also outperformed Nifty 50 returns. For example, the Nifty 100 Low Volatility Index has gained 41 percent in one year, but its volatility reading was at 8.84 ....
Brokers say the buying interest in the stock could also be because of the stake it holds in group company Exicom, which will be going public shortly. ....