A ‘Market Leader’ is generally referred to as a firm that has the largest market share in a given industry. The same could also be described as a firm having the highest profitability margin as well.
Listed below are two Market Leader stocks in JP Morgan’s portfolio that one could consider adding to their portfolio:
Multi Commodity Exchange of India Limited
With a market capitalization of Rs 18,212.03 crores, the stocks of Multi Commodity Exchange of India Limited (MCX), India’s leading commodity derivatives exchange with a market share of about 95.64 percent, opened their trading hour on Friday at Rs 3,580.35 and closed the session at Rs 3,571.10, slipping approximately 0.50 percent compared to the previous close of Rs 3,588.30 apiece.
According to the latest shareholding pattern data available for the December 2023 quarter, JP Morgan Funds holds around 6.75 lakh equity shares of the company equivalent to a 1.32 percent stake.
Having a glance at the company’s latest financials, the basic business indicators, viz, its operating revenues as well as after-tax profits, have shown some positive movements.
The former increased from Rs 165.11 crores during Q2FY24 to Rs 191.53 crores during Q3FY24, and the latter, keeping the timeframe the same, reduced its losses from Rs 19.07 crores to Rs 5.35 crores.
Computer Age Management Services Limited
With a market capitalization of Rs 15,456.99 crores, the stocks of Computer Age Management Services Limited (CAMS), serving over 68.20 percent of assets of the Indian mutual fund industry, opened their trading hour on Friday at Rs 3,136.75 and closed the session at Rs 3,145.30, gaining approximately 0.30 percent compared to the previous close of Rs 3,136.30 apiece.
According to the latest shareholding pattern data available for the December 2023 quarter, JP Morgan Funds holds around 6.76 lakh equity shares of the company equivalent to a 1.38 percent stake.
Having a glance at the company’s latest financials, the basic business indicators, viz, its operating revenues as well as after-tax profits, have shown some positive movements.
The former increased from Rs 255 crores during Q2FY24 to Rs 269 crores during Q3FY24, and the latter, keeping the timeframe the same, took an upward shift from Rs 81 crores to Rs 86 crores.
Written by Amit Madnani
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