If you wonder why midcaps and smallcaps have suffered so much all through the first half of this calendar, explanations one gets are lingering concerns over corporate governance issues, liquidity crunch in the economy and fears of growth slowdown.
Yet, 15 of these second-rung stocks bucked the trend and rallied over 50 per cent during the January-June period, with IT firm Tanla Solutions climbing as much as 142 per cent to trade at Rs 74 on June 28 from Rs 30.60 on December 31 last yea ..
Seamec, which is engaged in the business of offshoring and shipping, also more than doubled investor wealth during this period. The scrip jumped 141 per cent to Rs 484.70.
Among others, Adani Gas, DCM Shriram, Hester Biosciences, Centum Electronics, Info Edge, JM Projects, Godrej Properties, SRF and Just Dial figure on this list of midcap gainers with over 50 per cent rise.
The BSE Midcap and Smallcap indices are down 4 per cent and 3 per cent, respectively, while the Sensex has advanced 9.22 per cent in the same period.
Some of the poorly-governed companies are down in the dumps. Trade slowdown is already at its worst for investors. But good quality companies and well-governed companies are holding on, Jinesh Gopani, Head of Equity, Axis Mutual Fund, told ETNow during an interaction.
“Overall, there are diverse views on market dynamics. Tier-I companies and well-governed businesses will continue to do well and hold up as money is flowing in there. But there have been sharp corrections wherever there is ..
0 Comments