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Monday, October 25, 2021

These stocks rocketed in unlock, gave up 166% returns in 3 months; what

 

There has been a good recovery in the stock market after the March low and during this time many stocks are going towards new highs.

With the big fall in the stock market, there has been a good recovery and it is moving towards its record high once again. Both the Sensex and the Nifty are trading up about 45 percent from their March low. In this boom of the market, many stocks have also given strong returns. Especially after the status of unlock, the lockdown has opened, many stocks have increased. During the last 3 months, there are many such stocks in the broad market, in which there has been a rise from 100 to 166 per cent. In this boom, many such stocks have reached record highs, which neither have strong fundamentals nor financial performance. However, this fast has also benefited strong stocks. At the moment, experts are also warning that investors should invest thoughtfully.

Shares that give up to 166% returns in 3 months

stock returns

Intellect Design Arena 166%
Dishman Carbogen 159%
Laurus Lab 150%
Dish tv 146%
Varoc engineering 120%
Birla Soft 117%
Adani Green 109%
Idfc ltd 98%
Adani Enterprises 95%
Zensar Tech 94%
Scient 94%
Granules India 91%
Firstsource 91%
IRB Infra 89%
Emami Limited 89%

Why is the boom coming?

There was a big sell in the stock market when the coronavirus started. After this, there has been a strong recovery in the Indian market. The BSE Smallcap index has risen nearly 70 per cent since the March lows. The Sensex has gained close to 50 percent. This boom has attracted new traders to midcap and small stocks along with large-cap.

These shares will earn even further!

However, some such stocks have been strengthened in this rally, whose fundamentals are looking good. For example, ICICI Direct has advised to invest in Birla Soft with a target of Rs 210. At the same time, Arihant Capital has advised Nivea with a target of Rs 39 in IDFC Limited. ICICI Security has set a target of Rs 412 for Varrok Engineering. At the same time, Centrum Broking has set a target of 190 for Zensar. Brokerage house Prabhudas Liladhar has advised to invest in Emami with a target of Rs 419. While brokerage house MK Global has set a target of Rs 90 in Firstsource Solutions.

Weak stocks also rise

According to a Bloomberg report, G Chokkalingam, founder and CEO of Economics Research and Advisory, says retail investors are buying penny shares blindly. Retail investors are buying anything without looking at earnings, EBIDTA, PE ratio. In such a situation, investors need to be cautious. Experts are advising to remain strong stocks. In fact, there are some such penny shares in this boom, which have increased strongly. For example, shares such as Transglobe Foods Limited, Shree Precoated Steels Limited, Integra Garments and Textiles Limited, Ratan India Infrastructure Limited and Tirupati Tires Limited.

 

Source: www.financialexpress.com

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