The Samvat 2072 was very challenging as the Nifty fell from around 8000 to 6900 during the first four months.
However, post budget day, it had a secular bull run with Nifty gaining around 8% during the whole of Sambar 2072; mid and small caps outperforming their larger peers.
Besides, with bond yields on the decline, there is an expectation that retail investors would gravitate towards stocks from fixed income instruments. This also has contributed to higher interest among investors to look for stocks that would deliver good returns over a 12-month horizon.
MBL Infrastructures Ltd is engaged in execution of civil engineering projects across the country. The company has integrated business model for EPC and BOT projects. Photo: The Hindu Business Line.
4. Those are still holding my recommended Tata Steel Ltd from Rs.217 levels can look for target of Rs.425, where they can book complete profit and wait for dips to enter.