The WeekendInvesting Newsletter - 10 April 2024

In the past 1 year, several stocks from Nifty 50 have performed well. However, Nifty 50's performance of 28% in FY 24 despite having so many outperforming stocks is primarily a result of the skew in weightage.

• 5 stocks clocked more than 100% gains

• 4 stocks returned between 50% and 99%

• 35 out of 50 stocks outperformed Nifty 50 in last 12 months
  

  

  Navigating this skew

• Mi India Top 10 rides only the top 10 performers of Nifty 50 and also

  allocates an equal 10% weightage to them thus providing all stocks with equal opportunity to contribute to the overall performance of the strategy.

• Today is the last day to avail 25% discount on Mi India Top 10. Click on the link below or use code FY2025 and subscribe before the offer ends.

Don’t do rear view mirror driving

In an unexpected turn of events, Dell, represented by the blue line in the chart, has outperformed Apple, depicted by the white line, over the past five years.

While Apple has seen a modest 71% increase, Dell has surged by a staggering 327%. This scenario challenges the conventional belief that past success guarantees future performance, highlighting the importance of tracking momentum and being open to lesser-known stocks.. . . . .

Reading Time : 3 Minutes

Be ready with your plan

The Unitech chart spanning the last 25 years serves as a powerful reminder of the unpredictable nature of the stock market. It illustrates how stocks can experience unimaginable surges and dramatic declines, often defying conventional expectations. Despite our tendency to assess stocks based on past performance, earnings potential, or market sentiment, the reality is that during bull markets, anything can happen.

The case of Unitech, soaring from a few rupees to an astonishing Rs500 within a short period, only to plummet back to its initial value, offers valuable insights . . . .

Reading Time : 3 Minutes

WeekendInvesting Daily Bytes

April 10 unfolded as a day marked by anticipation, characterized by an 'inside day' following the previous session's momentum. With Thursday earmarked for Eid, the markets displayed a reluctance to commit to substantial positions, perhaps in anticipation of a long weekend and the events beyond.

Nifty embarked on the day with vigor, breaching the 22,750 mark, only to retract its steps and end slightly below its preceding close. This oscillation from an initial surge to a more reflective close underscores a market at a crossroads, possibly weighing its next directional move amidst signs of accumulating strength. . . .

Reading Time : 3 Minutes