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Mid-sized companies in India are demonstrating strength and growth potential, as reflected in the surge witnessed by the S&P BSE MidCap index. Stocks of companies such as Abbott India, Colgate-Palmolive, Godrej Properties, and Lodha hit new 52-week highs, showcasing their market appeal and resilience.

​Now, 19,500 is one level which we are keeping an eye on, in case this is navigated safely in the next couple of days we may very well be headed for 19,800 and possibly 20,000 by the end of this month as well.

​The third part is that whether the OMCs should be rated or which way it is rated. Of course, the analysts are better judge to do that. But I believe, and I have said earlier also that the oil companies are under-priced compared to what the potential they have.

As Q1FY24 results are set to trickle in, as many as nine penny stocks turned multibaggers in this period

​So you know, is there is this just temporary, I would say that we are expecting about 18 to 20% growth at industry level for the next two years, assuming nothing surprising will happen.

The Relative Strength Index of the stock stood at 45.04 on Thursday.

Various studies have shown that the new generation is twice as likely to invest basis the underlying companies’ commitment to making a positive impact through corporate policies that involve environmental, social and governance factors. This mindset reflects a broader recognition of the role that wealth can play in addressing pressing global challenges.

In the rally which looks one-way on the larger time frame, the market cap crossed the Rs 50 lakh crore mark in 2007, Rs 100 lakh crore milestone in 2014, and the Rs 200 lakh crore-mark in February 2021. The surge in market capitalisation is a result of not only an increase in stock prices but also takes into account new listings on the stock exchange.

The stock quoted a 52-week high of Rs 3394.0 and a 52-week low of Rs 1725.0.

“The key concern is we are entering into the election phase and Opec wants to support crude at $75-80 per barrel and above given the fiscal balance for most of these Opec countries, particularly Saudi is around those levels. So, in an election period, crude prices upwards of $75-80 may pose concerns for OMCs down the line. That is the key concern.”