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I would not put it that way because after the merger, you also have teams that can handle MSME, Gold and two-wheeler, basically the merger with Shriram City Union Finance.

A total of 7,719 shares changed hands on the counter till 01:44PM (IST)

The latest data includes the value of p-note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.

Barring Adani Total Gas and Adani Wilmar, mutual funds (MFs) increased their stake in eight Adani stocks in the September quarter.

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​Even when FIIs were a much bigger proportion of the market than they were, then they are now when mutual funds are large, direct retail participation is also much larger.

​And on Monday, this week, we saw that the market breadth was one of the worst with more than 1200 stocks declining or having a drawdown of more than 3%.

“The markets are definitely over-pessimist. Within a week, we are so heavily oversold that anything can trigger an upside now. I am very optimistic on both the indices, the Nifty and the Bank Nifty. I think they have been overdone in this sell off or profit booking in the mid caps. And mid caps, I think, will again retrace themselves after a little bit of consolidation.”

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 9.09 per cent and 11.73 per cent, respectively.

​But what we do is we normalize those earnings which are more volatile in nature. Let me give you a small example. If there is a telecom company which is a part of mid cap index and it reports a loss of say Rs 60,000 crore last year, and if that loss comes to Rs 30,000 crore, suddenly you see that the headline mid cap earnings growth is looking very strong.