Mutual fund small-cap schemes increased their exposure towards cyclicals sectors, such as metals, engineering and construction sectors in hope of a recovery in gross domestic product (GDP). The top five buys of small-cap equity funds in April were Hindustan Copper, Hathway Cable & Datacom, Lux Industries, Bharat Rasayan and Dilip Buildcon.
Can the defence sector continue firing after 100% gains?
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