Ambit favours banks, metals and EMS stocks while being bearish on IT
Financials have delivered consistent earnings across last 4 quarters with ICICI Bank leading the list.
After the mid-cap and small-cap indices gave returs of 45 percent and 49 percent in 2023, portfolio managers of PMSs have started to build safety nets to brace for a more volatile 2024
The contribution of large cap companies to aggregate sales and net profit of BSE 500 firms remains steady and similar to pre-COVID levels
The ongoing panic in the stock market offers a good opportunity to build a long term portfolio, feels Abhijit Gulanikar, chief investment officer at SBI Life Insurance. Of the Rs 40,000 crore managed by Gulanikar, Rs 24,000 crore (around 60%) is in equities.
Returns of some of last year's top-performing Chinese funds tumbled in the first half of 2011, burnt by bets on small-cap stocks which had previously boosted performance, data from Thomson Reuters Lipper shows.