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Kotak Mutual Fund has launched the Kotak Active Momentum Fund, leveraging an Enhanced Earnings Factor Model. This data-driven strategy focuses on companies with increasing profits, driven by analyst upgrades and positive earnings surprises. Back-testing reveals a strong CAGR and consistent outperformance, even during market volatility, offering a fundamentally grounded approach to momentum investing.
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Eight stocks from the Nifty200 pack closed above their 200-day Daily Moving Averages (DMA) on August 4, as per StockEdge.coms technical scan data. The 200-DMA is a key trend indicator used by traders to assess the broader direction of a stock. When a stocks price moves above this level on a daily chart, it is generally considered to have entered an overall uptrend. Take a look:
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The announcement comes as the UK-based energy giant refocuses its business on fossil fuels.
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