Retail investors' mid-cap bets backfire

February 20, 2013 10:11

Retail investors' bullish bets on select mid- and small-cap counters have backfired as many of the stocks they invested during the December quarter have fallen by 10-70% so far this year, reports Economic Times. Worse still, much of the money was raised by these investors after pruning their holdings in bluechip stocks, most of which have risen this year.
The number of retail shareholders has risen in companies like Kingfisher Airlines, Opto Circuits, Zylog Systems, Tulip Telecom, Glodyne Technoserve, GTL Infrastructure, Geodesic and Pradip Overseas during October-December from the preceding quarter. On the other hand, retail holding has declined in large-caps like RIL, Axis Bank and State Bank of India.

« Back to LIVE

TOP STORIES

Arms, ammunition found in CBI raid in Bengal's Sandeshkhali

The CBI during its probe got inputs of a large cache of arms hidden in Sandeshkhali. On Friday morning, a CBI team started a search operation during which the arms, including foreign-made pistols, were seized, the officials said.

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and...

Resurgent Lucknow Super Giants face off against high-flying Rajasthan Royals

High-flying Rajasthan Royals will look to continue their winning momentum and consolidate their position at the top when they take on a resurgent Lucknow Super Giants, who would be gunning for revenge at home in an IPL match in Lucknow...

It's official: Sunita Kejriwal to campaign for AAP

Sunita Kejriwal is slowly emerging out of the shadows to assume a bigger role to give a fillip to the AAP's campaigning which has been affected by the chief minister's arrest in a money laundering case in March.

Maharashtra records lowest voter turnout till 11am; Tripura highest

The IMD has warned of heatwave to severe heatwave conditions in parts of West Bengal, Odisha, Bihar, Jharkhand, Andhra Pradesh, Telangana, Karnataka and Uttar Pradesh during the next five days.