Overseas investors looking to boost returns in India's booming stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers.
The number of companies with more than 10 per cent overseas shareholding rose to 275 on the BSE 500 Index as at the end of December 2023, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data. The increase was largely fuelled by minnows.
Efforts to find the next winners in the world's fastest-growing major economy are prompting global funds to go further down the market-cap ladder, adding to the exuberance that has fuelled a relentless rally in this segment.
Bu hikaye The Straits Times dergisinin March 11, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin March 11, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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