The real show stopper of today’s session is the broader indices as Nifty Midcap 100 & Smallcap 100 have surged over a per cent.

The current upmove in the stock is supported by a jump in the volume by at least 1.74 times as per BSE records on an intraday basis on Wednesday. The company has recently announced in its board meeting that it aims to raise Rs 200 crore in tranches by issuing equities.    

With positive momentum in insurance companies, Max Financial Services was seen hitting fresh life-highs for itself. The stock made a fresh high at Rs 974.50 per share on an intraday basis, which also becomes its fresh life-high. The stock is up by 38 per cent on a YTD basis even as the stock has more than doubled in less than a year.  

HDFC AMC was a star performer in 2019; however, it hasn’t been doing well since the recent market rally that started one year back, relatively speaking.
 

Active portfolio management is all about beating the benchmark and to some extent, even the frontline indices.

Like last year, the market is again attempting to play the re-opening theme even as investors hustle to identify the stocks in the travel sector.

The improvement in the RoCE, led by a heavy reduction in debts, is the answer. Subex has reduced its debt over the years and substantially improved its financial performance.    
 

Locked in the upper circuit at Rs 75.75 per share, the stock is trading at a PE multiple of just 2.41 even as the stock at current prices offers a mouthwatering dividend yield of 10.23 per cent.  

Trading at a P/E multiple of 20, this low-price speciality chemical stock made a fresh 52-week high for itself on Tuesday. With highest quarterly PAT declared and revenue growth in excess of 38 per cent, aided by technical indicators, the stock can breach its resistance levels and make fresh 52-week highs in the coming weeks.  
 

Nifty has lost almost 80 points from the high of the day as India (MAY) Nikkei Markit Manufacturing PMI came in at an actual 50.8 vs 55.5 previous and estimates of 52.