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Union Budget 2021: These stocks made rich from budget to budget, investors got up to 750% returns

Union Budget 2021 India: The stock market has seen a lot of ups and downs from the budget to the new budget last year.

Indian Union Budget 2021-22: The budget was presented on 1 February 2020 last year. Since then, the stock market has seen tremendous ups and downs till now. At the time of presenting the budget last year, the entry of the coronavirus epidemic had occurred in the country. The news of the lockdown led to a steep decline in the stock market and reached a low of several months. There was a strong recovery in the market in the last months of the last year and by November, the market set its record high. At the same time, on 21 January 2021, the Sensex crossed 50 thousand for the first time. From the previous budget till this budget, different stocks have given more than 750 percent returns. At the same time, returns of Sensex and Nifty have been up to 14 percent.

Since budget 17% Boarded market

Since the budget 2020, the stock market has grown by 17 percent. The Sensex was at 39735 levels before 1 February 2020, which rose to 46,756 on 29 January 2021. That is, the Sensex grew at about 17 percent. During this time, there has been a 15 percent growth in the BSE 500 index.

Most rapid in smallcap

There has been 21 per cent growth in midcap. The BSE Midcap index was at 15119 on 1 February 2020, which has now come down to 18315. On the other hand, Smallcap also had the highest growth of 26 percent during this period. During this period, the BSE Smallcap Index rose from 14344 to 18066.

Important events for the market since the budget

Since the last budget, the lockdown was imposed in the country due to the Coronavirus epidemic. During the lockdown, the country’s economy came to a standstill. Business stopped in companies. Supply chain is broken. After which the market came down to its lowest levels. However, during the lockdown, the government took several measures to bring the economy back on track. The central bank lowered the interest rates to several months low. There were several measures to increase liquidity in the market.

The government took measures to increase consumption by giving huge relief packages. The crude hit record low in lockdown. However, later it recovered and it reached around $ 55. This year there were reports of tension on the border between India and China. At the end of the year, the development of Presidential Election and Corona Vaccine in the US and the approval of emergency use in India proved to be important developments for the market. The commencement of vaccination in the country in January 2021 proved to be an important trigger for the market. Since the last months of the year 2020, foreign investors have invested heavily in the domestic market.

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These stocks gave the highest returns

Tanala platform: 771%

Majesco: 739%

Adani Green: 450%

Aarti Drugs: 336%

Karada Construction: 308%

Laurus Labs: 303%

Alkylamines: 266%

IOL Chemical: 266%

Ramco System: 252%

Birla Safat: 250%

Indiamart intermission: 240%

Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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