stock market
There was a lot of volatility in the Indian stock market in the last three months, but despite this, many stocks surprised investors by giving excellent returns. While the key index BSE Sensex managed to register a gain of about 4 per cent, the performance of the broader market was much better. The BSE 500 index jumped by about 10 percent during this period, which indicates strong buying in the market.
The biggest benefit of this boom was given to those investors who selected the right shares. About 32 stocks of BSE 500 gave more than 50 percent returns in three months, while there were 13 stocks which made huge profits ranging from 70 percent to 200 percent.
HFCL becomes the biggest star
HFCL shares performed the best during this period. The company’s shares increased from Rs 70 to Rs 205 and gave a return of about 194 percent to the investors. The stock is currently trading near its 52-week high of Rs 220.
Apart from this, Cemindia Projects gave 126 percent return and Aditya Infotech gave 116 percent return and more than doubled the wealth of investors. These three stocks proved to be multibaggers of this period.
These shares also showed strong growth
Apart from HFCL, Cemindia Projects and Aditya Infotech, shares of many other companies also saw a strong rise.
- Kirloskar Oil Engines: 93 percent
- Ola Electric Mobility: 85 percent
- Adani Green Energy: 82 percent
- RR Kabel: 81 percent
- Syrma SGS Technology: 80 percent
- Aegis Logistics: 77 percent
- Welspun Corp: 75 percent
- Deepak Fertilizers and Petrochemicals: 74 percent
- Wockhardt: 72 percent
- Apar Industries: 69 percent
Many of these shares have reached very close to their 52-week high, which shows the strong confidence of investors.
Wealth creation opportunity created by right stock selection
Market experts believe that this rise in the last three months shows that even in a volatile market, good profits can be made by choosing the right sector and shares of strong companies. However, investors should avoid investing only by looking at past returns and should thoroughly evaluate the company’s financial performance, business and risks before investing money in any stock.
