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At the upper end, Yatra Online aims to raise around Rs 775 crore and the implied post-issue market cap will be Rs 2,228 crore. The IPO comprises a fresh equity issue worth Rs 602 crore and an offer for sale (OFS) of up to 1.21 crore shares.

Electrum Portfolio Managers’ midcap and smallcap portfolio, Electrum Laureate, gave the highest monthly returns of nearly 12% in August. In just 6 months, it has given a staggering 43% returns.

A total of 2,695,565 shares changed hands on the counter till 02:04PM (IST)

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 31189.00 Crore) operating in Chemicals sector.

In the last seven years, they have electrified over 30,000 kilometres of railways, that is not a small number. 32,000 is the size of the entire railway electrification network in Germany.

“The largest two holdings in our portfolio are Tata Communications and Raymond. Raymond has moved from Rs 3000 crore to now around Rs 14,000 crore market cap. Similarly, in Tata Communications, we continue to hold all our stocks and we have been buying till very recently. However, we are ready for 10-15% correction in both the stocks.”

On the technical charts, the RSI of the stock stood at 39.02.

The financial services sector has been the top-performing sector for the index over the years and added 3,401 points to index journeys from 10,000 to 20,000. Information technology and oil, gas & consumables sectors are the next best-performing sectors for the index adding 1882 and 1545 points, respectively, to the index.

​But I think the focus is really going to move to the large caps from here. So the large caps can make up for the underperformance of the last couple of months is what the view is for the next few weeks.

The selloff in small and midcap stocks is in contrast to lacklustre trade in Nifty and Nifty Bank. Nifty PSU Bank lost over 1% with Punjab and Sind Bank, UCO Bank and Maharashtra Bank leading the downside with a 5% fall.