India’s largest institutional investor, Life Insurance Corporation of India (LIC), witnessed a quick rebound in its portfolio with the outperformance of second-rung stocks this month.
As of June 30, the insurance behemoth held nearly 240 companies with market capitalisation of less than Rs 20,000 crore, in its portfolio. Out of these, 162 managed to deliver positive returns to the insurer, with Texmaco Infrastructure & Holdings rallying 50 per cent to Rs 52.30 month-to-date till Sep ..
Market experts say midcaps will lead the rally from here on. And if you are planning to add these stocks to your portfolio, Gautam Duggad, Head of Research for institutional equities at Motilal Oswal Financial Services, has a piece of advice for you.
As of June 30, the insurance behemoth held nearly 240 companies with market capitalisation of less than Rs 20,000 crore, in its portfolio. Out of these, 162 managed to deliver positive returns to the insurer, with Texmaco Infrastructure & Holdings rallying 50 per cent to Rs 52.30 month-to-date till Sep ..
Texmaco is engaged primarily in the real estate and hydroelectric power generation businesses.
On a month-to-date basis, the BSE Midcap (up 8.61 per cent) and Smallcap (up 9.31 per cent) indices have outpaced the benchmark Sensex (up 5.47 per cent) till September 24.
Among other midcap and smallcap stocks, Shipping Corporation of India, Kirloskar Electric Company, Garden Reach Shipbuilders and Engineers, Graphite India, Aban Offshore, Bajaj Hindusthan, Orissa Minerals Development Company and Sangam (India) have risen over 28 per cent so far in September.
Edelweiss Securities said midcap valuations are now at an 18 per cent discount to Nifty, which lends some comfort from a valuation perspective.
Indo Rama Synthetics, HEG, Manugraph India, Hindustan MotorsNSE -4.96 %, Jai Corp and DCM were among other top 20 gainers in the LIC portfolio, delivering 25-27 per cent returns so far this month.
On the other hand, Hexa Tradex, Assam Company, Alok Industries, Indian BankNSE -4.57 %, Ballarpur IndustriesNSE -9.09 %, Tata Communications ..
On a month-to-date basis, the BSE Midcap (up 8.61 per cent) and Smallcap (up 9.31 per cent) indices have outpaced the benchmark Sensex (up 5.47 per cent) till September 24.
Among other midcap and smallcap stocks, Shipping Corporation of India, Kirloskar Electric Company, Garden Reach Shipbuilders and Engineers, Graphite India, Aban Offshore, Bajaj Hindusthan, Orissa Minerals Development Company and Sangam (India) have risen over 28 per cent so far in September.
Edelweiss Securities said midcap valuations are now at an 18 per cent discount to Nifty, which lends some comfort from a valuation perspective.
Indo Rama Synthetics, HEG, Manugraph India, Hindustan MotorsNSE -4.96 %, Jai Corp and DCM were among other top 20 gainers in the LIC portfolio, delivering 25-27 per cent returns so far this month.
On the other hand, Hexa Tradex, Assam Company, Alok Industries, Indian BankNSE -4.57 %, Ballarpur IndustriesNSE -9.09 %, Tata Communications ..
Market experts say midcaps will lead the rally from here on. And if you are planning to add these stocks to your portfolio, Gautam Duggad, Head of Research for institutional equities at Motilal Oswal Financial Services, has a piece of advice for you.
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