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One may believe that finding multibaggers can help an investor create substantial wealth. But it is easier said than done. In the quest to find such shares, investors may purchase shares of companies without adequate due diligence based on tips or hearsay.

Overall performance in consumers was majorly driven by value as volumes remained subdued on a higher base. While commodity costs have shown signs of stabilisation, many of them remain at high levels.

“Steel margins will improve in Q3 because coking coal prices came off earlier in the quarter. Now they have inched back upwards but there will be Rs 3,000 to 4,000 per tonne margin expansion in Q3 over Q2. But stocks have moved up way beyond what will be the improvement in the margins.”

In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on November 18, suggesting bullishness in counters.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 494694.36 Crore) operating in Telecommunications sector.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Diamonds, Sale of services, Power for the year ending 31-Mar-2022.

Hong Kong-based crypto services firm Genesis Block said it would cease over-the-counter trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to Reuters.

Triveni Engineering & Industries Ltd. key Products/Revenue Segments include Sugar, Contract Revenue, Other Operating Revenue, Sale of services, Scrap for the year ending 31-Mar-2022.

"Looking at the current situation, domestic investors should continue to focus on the Indian market because that’s the biggest opportunity for them and a large part of households are still underinvested. Global markets are still not out of the woods, and we don’t know what the implications of such sharp rate hikes in the US can be since it has never been witnessed before."

Stocks that were in focus include names like Bank of Maharashtra which rose over 8%, PB Fintech was up 8%, and Nazara Technologies rose nearly 7% on Friday.