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Top News In Midcaps Today - Breaking & Trending Today
Recency basis, getting impacted by what has happened recently and over relating it with what may happen in near future is something which probably is happening in midcap cap space. In such times, it would be better that investors should be cautious in selecting the stocks, better to go with buying in smaller quantities and keep some cash allocated for the stocks, but only to be used on the day when there is absolutely chaos on the street. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". ....
The total market capitalisation of all BSE-listed stocks at the end of the trading session on Thursday touched an all-time high figure of Rs 328.33 lakh crore, which translates to $3.94 trillion. To hit the landmark of $4 trillion, India now needs to add just about Rs 5 lakh crore to its market cap (keeping the USD rate steady at 83.3). ....
The problem with PE ratio is that it not only creates a mirage in terms of buying of a stock. But even selling stocks just because P/E is high is also something which leads to selling wealth creators early and then regretting or buying them at a point when they are expensive in real terms. So it is better to use peg ratio, which comes with its own challenges, which are still worth taking. ....
“Today, we are in a situation where there are not too many issues about troubled assets or asset quality pains. In a way, it is a low credit cost, high credit growth environment which works very much in favour if you have the right amount of capital which is what some of these power finance companies have.” ....