DSIJ Mindshare

With the massive market crash, mutual fund industry also witnessed a drop-in returns. However post the market crash in the last week ending on February 14, 2018 we have seen a surge in the NAVs of the small cap and Mid cap schemes.

We believe, if any directional movement has to come, then Nifty should give a decisive breakout from the range of 10640–10400. Until then, the index will continue to consolidate in the broad range of 10,400-10,640.  Top stocks to watch out today: Mahindra and Mahindra, Idea Cellular, Future Consumer, 8K Miles, IDBI Bank, India Grid Trust, HDFC, Infosys, Prakash Industries and Indoco Remedies.

Key benchmark indices are expected to open with modest gains. The SGX Nifty indicating that the Nifty could open higher by 31 points around 10,588 at the opening bell.  

The stocks that are likely to witness significant movement on the bourses on February 16, 2018 are Yes Bank Limited, Wockhardt Limited, IDBI Bank Limited, Skipper Limited and Infosys Limited.  

The PAT for the quarter came in at Rs 13.7 crore, a decline of 12.7 per cent YoY. This was due to absence of other income in the quarter as against Rs 7.6 crore in corresponding quarter of last year.