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“NFOs are a normal feature in the sense that depending upon the way the markets are moving and also depending upon the timing in the sense that when a festival is coming up, those sort of things come up. The fund houses launch NFOs. Since the festival season has started, we will see more and more NFOs coming in.”

Ahead of the festive season, brokerage firms have picked up select midcap and smallcap stocks across the sectors which have the potential to deliver strong returns in near term.

“Volume growth is coming back in the markets that JK Lakshmi operates in as well as Dalmia Bharat because it has a strong presence in the south. Southern construction activity had been weak due to unusual rains. Even Heidelberg looks good. So Dalmia Bharat and JK Lakshmi are amongst the top picks among the smaller names.”

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 18784.06 Crore) operating in Cement sector.

The Nifty Realty index was trading 1.33 per cent down at 473.15.

As of 30-Jun-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

Major crypto tokens were trading with big cuts as Solana plunged 11 per cent, followed by Avalanche which was down over 9 per cent. Polygon and Bitcoin dropped 8 per cent each. XRP and Ethereum shed 6 per cent each.

Titan Company Ltd. key Products/Revenue Segments include Jewellery, Watches, Precious & Semi Precious Stones, Eyewear, Others, Other Operating Revenue, Scrap, Other Services for the year ending 31-Mar-2022.

“There are good opportunities within some of the pockets where we have seen outperformance in the last three months which include banks, autos, consumer names, real estate, QSR plays and hotels. In fact, a lot of people would be on the sidelines and they would be waiting for some correction. ”

A total of 159,781 shares changed hands on the counter till 10:40AM (IST)