"The worry is not smallcaps or nanocaps. The worry is midcaps," Tandon asserted. He pointed out that segment concentration has reached elevated levels in the mid-tier universe. "The Midcap 150 area is very crowded currently."
Hamleys came into the Reliance fold in 2019. That year Reliance Brands Ltd., the group's fashion and lifestyle arm, agreed to buy all of Hamleys Global Holdings Ltd. from Hong Kong-based C Banner International Holdings.
Motilal Oswal expects Q2 outperformance to continue, given its healthy new launch pipeline, which in turn is likely to help sustain TVS Motor's premium valuations.
The 3-point increase takes DA to 63%. That adds about Rs 540 a month for an entry-level employee today, but it also raises the fitment factor the 8th Pay Commission must offer before it delivers any real pay gain.
