IT stock jumps 5% after board approves increase in buyback price
Amid a broad market churn, one stock from InvestingPro’s ProPicks AI strategy has stood out with an impressive surge. On Friday, Filatex India (NSE:FLTX), part of the Bharat Small-Cap Gems strategy, jumped 6.3% to touch INR 55.9, as investors turned bullish on the textile major. But the real winners? Those already holding the stock since early May - when ProPicks AI included it in its monthly rebalancing at just INR 42.55.
That’s a solid gain of 31.3% in under two months.
ProPicks AI, the powerful stock-picking engine within InvestingPro, has become a go-to resource for serious investors. Its Bharat Small-Cap Gems strategy continues to uncover high-performing opportunities, with multiple stocks delivering outsized returns in recent months.
Just look at these standouts still running strong:
- A B Infrabuild: +62.7%
- R Systems International: +44.7%
- Krishana Phoschem: +40.8%
This isn’t a one-off success story. Since its inception in 2019, the Bharat Small-Cap Gems strategy has delivered an eye-popping total return of 1,568.9%, translating to an annualized return of 61.2%. For perspective, the benchmark Nifty Smallcap 100 index has climbed just 182.9% in the same time frame.
Unlike traditional stock picks that follow trends after they’ve started moving, ProPicks AI takes a forward-looking approach. It combines over 25 years of financial data with a deep analysis of 50+ financial metrics to identify undervalued gems with long-term potential. The system updates monthly, keeping portfolios nimble and aligned with changing market dynamics.
The best part? The latest picks for the month are already live on the platform, giving subscribers a head start before the next breakout happens.
For investors looking to level up, this might just be the perfect moment. InvestingPro’s Summer Sale is live, with discounts of up to 50%, but only for a limited time. It’s an opportunity to unlock powerful AI-driven insights and access to premium strategies like ProPicks before the next rally begins.
If you’ve been waiting for a sign to take investing seriously, this is it.
Read More: Peek Inside the Minds of Top Investors with InvestingPro’s ‘Ideas’ Feature
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