India Stock Market Strategy - Top Idea Picks For Large And Midcap Stocks: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The Nifty continued to reach new highs (18,604) in October 2021. The index oscillated ~1150 points before closing 54 points (or 0.3%) higher month-on-month at 17,672.

The Nifty is up 26% in CY21 year-to-date. The increase in volatility was on the back of weak global cues, stretched valuations, and foreign institutional investors turning net sellers.

FII outflows of $2.3 billion were seen after two consecutive months of inflows.

Domestic institutional investors saw inflows for the eighth consecutive month of $0.6 billion.

In the last 12 months, midcaps have risen 79% (versus a 52% rise for the Nifty). In the last five years, midcaps have underperformed by 14%. In price/earnings terms, the Nifty midcap 100 is trading at a 14% premium to the Nifty.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.