Smallcap boom is back! FIIs, mutual funds team up to shop at 200
Fri, Apr 26, 2024 10:32 AM

Smallcap boom is back! FIIs, mutual funds team up to shop at 200

A Flip by Avya Verma
Get it on Google Play
The March sell-off in smallcap stocks, induced by adverse comments from Sebi, has proved to be just a small blip with the smallcap indices back to making record highs every other day once again. While many investors continue to be worried over frothy valuations, there are at least 213 smallcaps in which both the big boys - FIIs and mutual funds - raised stakes in the March quarter.

More great flips

Promoter purchased 10,00,04,240 shares of Ujaas Energy Limited

Promoter purchased 10,00,04,240 shares of Ujaas Energy Limited

In Q4 FY24, the promoter's holding surged to 94.97 percent, a remarkable rise from the previous 0.01 percent. The company's stock is consistently hitting upper circuits. Ujaas Energy Limited is engaged in the generation of solar power, manufacturing, sales, and services of solar power plants or projects, as well as manufacturing and sales of electric vehicles.

Open Flip
Gujarat Gas' Q4 net profit surges 11% to Rs 409 cr, appoints new CFO

Gujarat Gas' Q4 net profit surges 11% to Rs 409 cr, appoints new CFO

Gujarat Gas reported a 11 percent jump in net profit to Rs 409.54 crore in the quarter ended March 31, compared to Rs 369.22 in the year-ago period, according to an exchange filing issued on May 6. Sequentially, the profit surged 85.9 percent from Rs 220.34 crore in the December quarter, according to the filing.The company’s revenue from operations jumped 5.4 percent to Rs 4,293.86 crore.

Open Flip
Stocks to buy: From ICICI Bank to NMDC - Motilal Oswal recommends

Stocks to buy: From ICICI Bank to NMDC - Motilal Oswal recommends

Indian stock market: The Indian stock market indices, Sensex and Nifty 50, concluded the trading session with a mixed performance, on May 6. Shares of specific heavyweight companies such as Titan, SBI, and Reliance Industries exerted notable downward pressure. Brokerage firm Motilal Oswal recommends below listed three stocks to buy this week - 📌ICICI Bank 📌ABB India 📌NMDC.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon