Generating an extra return over the benchmark, known as alpha
BSE -4.40 % in market parlance, is the foremost objective of any investor on
Dalal Street.
Data shows investors who added stocks from Nifty
Alpha 50 index last year are sitting on gains despite the recent correction in
the domestic equity market.
As much as 90 per cent of the stocks in the
index delivered positive returns to investors with Rain Industries soaring 308
per cent to Rs 362 on March 1, 2018 from Rs 88.65 on the same day last
year.
Value investor Dolly Khanna holds more than 2.50 per cent
stake in the company, while Mohnish Pabrai’s funds Pabrai Investment Fund 3 and
The Pabrai Investment Fund II holds 4.83 per cent and 3.79 per cent,
respectively, in the company
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