Key Points
This is usually a good lead indicator of a strong demand outlook (so that competitive intensity is less), better capacity utilisations or new capabilities that are not yet commoditized," said Prateek Agarwal of Motilal Oswal Asset Management Company.Getty.
NEW DELHI: Some of India's top performing PMS funds of last month were seen betting on two themes of consumption and capex after the Union Budget on February 1, as reflected in their stock picks...
Tata's small and midcap oriented Emerging Opportunities fund picked Indraprastha Gas Ltd (IGL) while NJ Multicap fund added 5 new stocks to its kitty - JK Lakshmi Cement, Ingersoll-Rand, Godfrey Phillips, Finolex Cables and CCL Products...
Stallion's multicap fund, which impressed with a 3.26% return in February, is betting heavily on financials and new-age stocks as its top 5 bets are Bajaj Finance, Paytm, PB Fintech, HDFC Bank and APL Apollo Tubes...
After the Union Budget hiked the capital outlay by 33% to Rs 2.4 lakh crore, analysts say capex is now gradually becoming the new growth driver.. "In Q3, capital goods companies reported strong margin expansion..
