Lucky 7! Companies that jumped into large-cap category from midcap in last 6 months of 2018

-





AMFI, in consultation with SEBI and stock exchanges, came out with its half-yearly list of stocks, based on the data provided by Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Metropolitan Stock Exchange of India (MSEI). The list has highlighted seven companies that have entered the largecap segment.
According to AMFI, seven companies jumped from the mid-cap category into the large-cap category, based on listed companies’ average market capitalisation (cap) data in the six months ended December 31, 2018.
During July-December 2018 period, eight companies fell into the mid-cap category from largecap, 13 moved from small-cap category to mid-cap category; and 15 moved from mid to small-cap category.
Large-cap stocks which were the clear winners of 2018 are likely to remain on top of the list for investors in 2019 as well, suggest experts. Investors should use the opportunity to get into quality largecaps, they say.
“We continue to believe that largecaps is the space we should invest in currently with higher exposure as compared to mid and smallcaps. This largely given the undergoing risk mentioned in the near term even though valuations have corrected,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol.
“Currently, we are suggesting a mix of portfolio - with 82.5% for largecaps and 17.5% for mid & smallcaps, which can be increased in the future as risk subsides,” he said.
Nair further added that this portfolio can focus on stable domestic stories with leadership qualities in industries like consumption, IT, chemicals and export-oriented companies. Value buying stocks in Pharma, NBFCs, Cement & Infra should also be added.
Stocks which fell from large-cap category to mid-cap category include Bharat Electronics, Sun TV, Aditya Birla Capital, Hindustan Aeronautics, BHEL, Shriram Transport Finance, Bharat Forge, and TVS Motor Company.
Source: www.moneycontrol.com
For more details visit : https://investmentvisor.com/

Comments

Post a Comment

Popular posts from this blog

Asian Paints Q3 preview: Brokerages expect double-digit growth in revenue, volume

-
Image
The price hike and fall in raw material prices could support operational growth QoQ but it is likely to remain lower compared to year-ago due to use of high cost inventory Asian Paints  is likely to post double-digit growth in volume as well as revenue, but weak operating margin may limit profitability despite price hikes and lower cost of raw material YoY. Overall, brokerages expect the revenue to grow in the range of 12-17 percent year-on-year, driven by expected volume growth of around 12-13 percent for the quarter ended December 2018. For the quarter, Edelweiss Securities said it expects Asian Paints to report around 12 percent YoY volume growth on a base of 6 percent (Q2FY19 saw 11 percent volume growth on a base of 8 percent) and sales to grow 13 percent YoY. "The demand shift due to postponement in festive season should aid volumes coupled with a soft base. The total effective price hike of around 3.25 percent YoY should be seen for the quarter. Price...
Read more

Stocks in the news: RIL, HUL, Lupin, Aurobindo Pharma, Cyient, Wipro, AU Small Finance

-
Image
Reliance Industries | Hindustan Unilever | Lupin | Aurobindo Pharma | Rallis India | Cyient and L&T Technology Services are stocks which are in the news today. Reliance Industries  Q3: Consolidated profit grows 7.7 percent to Rs 10,251 crore versus Rs 9,516 crore, revenue increases 9.1 percent to Rs 1.56 lakh crore versus Rs 1.43 lakh crore QoQ. Reliance Jio  Q3: Profit jumps 22.1 percent to Rs 831 crore versus Rs 681 crore, revenue rises 12.4 percent to Rs 10,383 crore versus Rs 9,240 crore QoQ. Hindustan Unilever  Q3: Profit rises 8.9 percent to Rs 1,444 crore versus Rs 1,326 crore; revenue increases 11.3 percent to Rs 9,558 crore versus Rs 8,590 crore YoY. Volume growth unchanged at 10 percent (QoQ) & versus 11 percent YoY. AU Small Finance Bank  Q3: Profit rises 20.8 percent to Rs 95.3 crore versus Rs 79 crore; net interest income jumps 38.9 percent to Rs 348 crore versus Rs 250.4 crore YoY. L&T Technology Services  Q3: P...
Read more

Technical View: Nifty forms 'Hanging Man' pattern, rangebound trade seen till 10,825

-
Image
Mazhar Mohammad of Chartviewindia.in advised traders to avoid long positions for the time being unless it registers a decisive breakout backed by favourable advance decline ratio suggesting broad based participation. The Nifty50 recovered from day's low but still ended in the red and snapped five-day winning streak on Tuesday, dragged by weak global cues. The index after rising more than 200 points in previous five consecutive sessions declined and formed 'Hanging Man' kind of pattern on the daily scale. A Hanging Man is a bearish reversal candlestick pattern which is usually formed at the end of an uptrend or at the top. In a perfect 'Hanging Man' pattern either there will be a small upper shadow or no upper shadow at all, a small body and long lower shadow. The Nifty50 after opening marginally lower at 10,949.80, which was also a day's high, extended losses to hit an intraday low of 10,864.15 in afternoon. The index managed to trim los...
Read more