Over 67% stocks still below Jan ’18 levels despite bull run thumbnail

Over 67% stocks still below Jan ’18 levels despite bull run

According to Gaurav Dua, head capital market strategy of Sharekhan, smaller businesses have been hit the most during the pandemic while access to finance is a big challenge.

Synopsis

Top indices with hefty overseas ownerships – the Nifty and the Sensex – have risen in lockstep with global equities to new summits, but the report cards of the back benchers aren’t so flattering. And many front-benchers aren’t smiling either.

Mumbai: The cream has clearly risen to the very top in the ongoing stocks portfolio churn, leaving a visible void below.

Top indices with hefty overseas ownerships – the Nifty and the Sensex – have risen in lockstep with global equities to new summits, but the report cards of the back benchers aren’t so flattering. And many front-benchers aren’t smiling either.

About 68 per cent, or 1,818 out of the 2,688 stocks in the active listed universe,

BY

ET Bureau

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