1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

Quick Summary:

Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.

Among others, HFCL, IFCI, BHEL, RITES, SCI, L&T Finance, Avenue SuperMarts, RBL Bank, InterGlobe Aviation, MRPL, RVNL, SAIL, Mahindra Finance, TTML, Oil India, SJVN, IDFC First Bank, GMR Airports, Delhivery and Suzlon were the other major laggards.

Many quality small- and medium- company (SMC) stocks have fallen anywhere from 15 per cent to even 25 per cent within a few weeks.

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Category: BusinessFinance

Markets: IndiaUkraine

Topics: Stock market outlook Market correction Broader markets Smallcap stocks Stock market news Midcap Market outlook Market experts Market news Indian stock market Stock market correction Nifty 500

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Published On: 2024-10-29 @ 14:13:08 (3 days ago)

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News Source URL: business-standard.com

Language: English

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