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"Mid & smallcaps generally will continue to underperform the broad market in the short-term due to high valuation, downgrade in business outlook, and fall in market liquidity. However, quality names within the segment should do well, encouraging stock-specific buying. I feel that it is time for specific stock picking in the broader market with a long-term view."

Amfi data released for the month on Thursday said investors poured in a net Rs 18,529.43 crore in equity oriented funds, compared to Rs 15,890.38 crore in April. Flexicap funds got the biggest net investment of Rs 2,938.93 among categories, followed by Large Cap Fund that received net 2,485.37 crore.

The Relative Strength Index of the stock stood at 30.03 on Thursday.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 13.34 per cent and domestic institutional investors had 15.31 per cent.

Shares of FMCG major hit a 52-week high of Rs 282.35 apiece in May and have risen 23 per cent so far this year. The recent rally in the share prices has been accompanied by an increase in exposure by foreign portfolio investors (FPIs) on the counter after four quarters of selling. Market experts are now overweight on the stock and believe it is in a bull trend and will continue to outperform.

The Relative Strength Index of the stock stood at 51.45 on Thursday.

Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2377.61 Crore) operating in Cement sector.

Promoters held 74.36 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.39 per cent and 3.05 per cent, respectively.

The partially convertible rupee was trading at 77.78/79 per dollar after touching a record low of 77.81. The previous life low of 77.7975 was touched on May 17.

A total of 64,588 shares changed hands on the counter till 12:13PM (IST).