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The S&P BSE Small-cap index hit a record high in June 2023, indicating momentum in the broader market space, while the S&P BSE Midcap index also hit a record high. Asset allocation is paramount for investors in such an environment; experts suggest allocating 20% of a portfolio to mid and small-cap stocks. Investors should strike a balance between different asset classes based on risk-reward profiles, diversification, and optimizing returns. Large and flexi-cap stocks offer stability, while mid and small-caps provide attractive growth prospects. Prudent investment decision-making and portfolio management can mitigate risks and optimize returns in ever-changing markets.

The Reserve Bank of India has opened the Sovereign Gold Bond Scheme 2023-24 series I for subscription, with a closing date of June 24. The issue will be available in two tranches in FY24; series II opens for subscription on September 11 and closes on September 15, 2023. The bonds are government securities that are redeemed in cash on maturity and carry a sovereign guarantee. Interest will be credited semi-annually to the bank account of the investor at a rate of 2.5%. Investors who subscribe online are offered a discount of Rs. 50 per gram of gold.

Greenchef Appliances has set a price range of INR82-87 ($1.10-$1.17) per share for its initial public offering (IPO), which will run from 23-27 June. It plans to issue more than 61.63 lakh new shares, which at the top of the range would raise INR53.62 crore ($7.18m). Greenchef manufactures and markets kitchen appliances under 20 categories, and has five manufacturing facilities, four in Karnataka and one in Himachal Pradesh. The proceeds of the IPO will be used to fund a range of expenses.

ETMarkets has identified five companies with a market cap of over Rs 5,000 crore that present an intriguing opportunity for investors due to their Golden Crossover formation. The companies include Tata Elxsi, Indigo Paints, Asian Paints, Endurance Technologies, and Bajaj Finance. The Golden Crossover implies a crossover between the shorter-term moving average and the longer-term moving average, indicating a potential bullish trend for the stock. However, investors should evaluate other factors before making investment decisions and consider their individual investment goals, risk tolerance, and long-term strategy as the stock market involves risks.

In its order, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the said violations were again noticed during March 2017 inspection for the period of FY 2015-16 and 2016-17.

Shares of ITC have risen by almost 36% this year due to strong operational performance, with Emkay Global expecting more growth. The brokerage initiated coverage with a target price of Rs 525, up 16% from current levels. ITC has undergone steady re-rating over the last year, with Emkay maintaining that value unlocking is possible as the conglomerate seeks alternative structures for its hotels and Infotech divisions. Emkay also expects the K-shaped recovery to amplify and for revenue scale-up across non-cigarettes businesses to boost margins while minimal material capex will be needed for businesses.

​But if you are still at 65% of equity on your portfolio today, then do not be worried about where the market level is. In fact, this is a level where you need to build in and get to your desired 70% allocation.

Firstly, US bond yields have likely reached their peak, and other countries have also paused their rate hike plans, indicating an elevated probability of the rate hike regime peaking out.

Investors are scrambling to purchase shares in drug and condom maker, Mankind Pharma Ltd., which has had the most analyst coverage of any new Indian stock in 12 years after its highly successful May IPO. The shares have surged by 57% since being listed, driving its market value above $8bn. The firm has attracted nine buy ratings and one hold. While the majority of analysts recommend buying shares, the consensus price target is already 10% below the current value due to its stellar run.

​And while we do all of this, we also focus on cash flow generation and capital efficient policies of the company. And​finally, the valuation filter comes in.