Sticking with experts during uncertainty

For the stock market, the last few months were a roller-coaster ride. The Sensex corrected by more than 30 per cent in March 2020. Thereafter, it has rebounded sharply, rising by almost 30 per cent from the March low. No doubt, it is an uncertain time for investors, as there is no indication of how long it will take for the economy to recover and the stock market to stabilise. Against this backdrop, retail investors are dealing with two challenges: predicting the market move and picking the stocks that will win in the post-COVID era. While there's not much that they can do to change the situation, tracking the moves of foreign portfolio investors (FPIs/FIIs) and mutual funds will help them navigate these two challenges. Here we have analysed mid-cap stocks wherein both FPIs/FIIs and mutual funds raised their stakes by more than 1.5 per cent during April-June, 2020. From our list of 186 mid caps, we have identified two stocks that gained confidence from both FPIs and mutual funds. Metropolis Healthcare: (per cent point stake raise. FPIs/FIIs: 9.2, MFs: 6.1) Like all other businesses, diagnostic chains were not spared from Covid-19 pand