Business Services Industry
As India's equity market posts high returns, midcap stocks emerge as the next big thing.
Australasian Business Intelligence, September, 2003
Sep 16, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
The Indian stock market is booming. Share prices of most large listed companies have risen sharply. The Bombay Stock Exchange's Sensitive Index has climbed 48 per cent, from 2966.63 on 2 May 2003 to 4393.63 on 11 September 2003. Rushabh Sheth, senior vice-president of equities at Kotak Mahindra Mutual Fund, says that it is time now for mid-capitalisation stocks to raise in value. Sheth advises to invests in such sectors as drugs and engineering. TP Raman, the CEO of Sundaram Mutual Fund, is also predicting a sharp rise in prices of mid-cap stocks.
Publication Date: 15 September 2003
BOMBAY STOCK EXCHANGE:
SENSITIVE INDEX:
KOTAK MAHINDRA ASSET MANAGEMENT
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