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“We might see a pullback of maybe 10, 15, 20% in the new age stocks because they are high beta companies but we do not see them as companies where you can see a meaningful growth in stock prices or financial performance. So trade with caution and trade for maybe a 10, 15, 20% move. That’s about it.”

ALGO is up by over 12% in the last 24 hours due to increased interest from investors and the momentum is expected to sustain if overall macroeconomic factors remain favourable.

Syrma SGS Technology Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 5339.74 Crore) operating in General sector.

The auto component manufacturer for the September quarter reported a 2% rise in net profit at Rs 116.45 crore. The company had posted a net profit of Rs 114 crore in the same period last fiscal, Motherson Sumi Wiring India (MSWIL) said in a regulatory filing.

Ahluwalia Contracts (India) Ltd. key Products/Revenue Segments include Contract Revenue, Scrap, Property Development and Lease Rentals for the year ending 31-Mar-2022.

The Nifty Pharma index was trading 0.17 per cent down at 13015.15.

The fund’s portfolio comprises 565 stocks across 52 schemes. In October, the fund added as many as 221 stocks while it exited Aarti Industries.

JPMorgan maintained an overweight rating on Apollo Tyres with a target price of Rs 370. The global investment bank slashed FY24-25 EPS by 2-3% to factor in slightly lower volume growth in India.

“Bullish momentum continues in the market. A good indicator of the bullish sentiments is the decline in the volatility index -- VIX -- from above 18 in October to around 14.6 now. The US CBOE VIX also is on a downtrend. This, along with steadily falling US yields strengthens the bullish construct for equity markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“Now that credit growth is back, we are seeing an expansion in terms of the return on assets. This cycle will probably play itself out over the next few years. as India is expected to do well from an economic perspective. So banking, more so private sector banks and the larger private banks among them should do very well.”