Today’s Current Affairs: Cherry-picking Winners in Stock Market
ETMarkets’ latest mutual fund analysis showcased six stocks that are held solely by a single scheme and have experienced significant price surges in the year 2024 so far. These unique stocks have seen a rise of 25-40% and have caught the attention of investors. The curated list includes companies like Vardhman Special Steels, GE Power India, GPT Infraprojects, Century Enka, Entertainment Network (India), and Orient Paper & Industries. This selection highlights the potential of cherry-picking winners in the stock Market.
**Cherry-picking Winners**
– Which stock has experienced a price surge of 40% in CY24 so far?
– A. Vardhman Special Steels
– B. GE Power India
– C. GPT Infraprojects
– D. Century Enka
Answer: A. Vardhman Special Steels
**Vardhman Special Steels**
– In which mutual fund scheme is Vardhman Special Steels solely held as of April 2024?
– A. Tata Small Cap Fund-Reg(G)
– B. Nippon India Multi Cap Fund(G)
– C. Bandhan Infrastructure Fund-Reg(G)
– D. Quant Active Fund(G)
Answer: A. Tata Small Cap Fund-Reg(G)
**GE Power India**
– What is the price performance percentage of GE Power India in CY24 so far?
– A. 30%
– B. 35%
– C. 40%
– D. 45%
Answer: C. 40%
**GPT Infraprojects**
– How much is the investment value of GPT Infraprojects in Bandhan Infrastructure Fund-Reg(G) as of April 2024?
– A. Rs 30 crore
– B. Rs 32 crore
– C. Rs 35 crore
– D. Rs 40 crore
Answer: C. Rs 35 crore
Question 1: What is the focus of ETMarkets’ latest mutual fund analysis?
The latest mutual fund analysis by ETMarkets focuses on stocks held solely by a single scheme in April ’24. They narrowed down the list to include stocks with a Market value exceeding Rs 20 crore as of May 2023 and experiencing a price surge of over 25% in the calendar year 2024 so far. Six stocks met these criteria.
Question 2: Which stock is highlighted in the second slide?
The second slide highlights Vardhman Special Steels. Its current Market price is Rs 306 with a 40% price performance in the calendar year 2024. The Tata Small Cap Fund-Reg(G) had an investment value of Rs 61 crore in this stock as of April 2024.
Question 3: Which company is featured in the third slide and what are its details?
The third slide features GE Power India. The company’s current Market price is Rs 318 with a 40% price performance in the calendar year 2024. Nippon India Multi Cap Fund(G) had an investment value of Rs 58 crore in this stock as of April 2024.
Question 4: What is the focus of the analysis on GPT Infraprojects mentioned in the fourth slide?
The analysis on GPT Infraprojects in the fourth slide highlights the company’s current Market price of Rs 230 with a 39% price performance in the calendar year 2024. Bandhan Infrastructure Fund-Reg(G) had an investment value of Rs 35 crore in this stock as of April 2024.
Question 5: Which stock is showcased in the fifth slide and what are its key details?
The fifth slide showcases Century Enka. The company’s current Market price is Rs 581 with a 34% price performance in the calendar year 2024. Quant Active Fund(G) had an investment value of Rs 48 crore in this stock as of April 2024.
Question 6: What is the highlight of Entertainment Network (India) mentioned in the sixth slide?
The sixth slide highlights Entertainment Network (India). The company’s current Market price is Rs 239 with a 31% price performance in the calendar year 2024. ICICI Pru Multi-Asset Fund(G) had an investment value of Rs 44 crore in this stock as of April 2024.
Question 7: Which company is featured in the final slide and what are its details?
The final slide features Orient Paper & Industries. The company’s current Market price is Rs 56 with a 29% price performance in the calendar year 2024. HSBC Small Cap Fund-Reg(G) had an investment value of Rs 32 crore in this stock as of April 2024.
Today's Current Affairs shed light on unique stocks that have seen a significant rise in the year 2024 so far. These stocks are held by only one mutual fund scheme, showcasing the art of cherry-picking winners in the Market. Among the six stocks that have made the cut, Vardhman Special Steels stands out with a price surge of 40% in the calendar year. This pattern indicates a strategic investment approach that has paid off well for these particular stocks, creating lucrative opportunities for investors and fund managers alike.
