Indian equity market has given excellent returns from last Diwali to this Diwali. The Nifty has gained more than 40 per cent during this period. Despite the loss due to the Corona epidemic, the market has earned huge money for the investors. From last Diwali till this Diwali, the Sensex has seen a rise of 50 percent. Whereas mid and smallcap gave returns of 85 and 87 per cent respectively.
There are around 100 stocks in the midcap space that have given returns of up to 432 per cent during this period. These include the names of JSW Steel, Tata Power Company Mindtree and Steel Authority of India.
On the other hand, there have been around 350 stocks in the smallcap space, which have seen an increase of more than 1000 percent in the last one year. This also includes names like Brightcom Group. Which has given a return of 1625 percent in a year. After that Nahar Spinning Mills, JTL Infra, Olectra Greentech, GRM Overseas, Tata Teleservices, Ganesh Housing Corporation, Share India Securities, RattanIndia Enterprises, Goldiam International and Elecon Engineering Company are other names in this list which have gained 500 to 1000 percent. have been seen.
Samvat 2078: Keep an eye on these sectors in the new year, can shine your luck
The analyst believes that the overall outlook of the market remains positive. In the next 1 year, we will see a rise in quality stocks in mid and smallcaps.
Gaurav Garg of CapitalVia Global Research Limited says that from last Diwali to this Diwali, small-medium stocks have given great returns. I believe from this Diwali till next Diwali also they will do well. Because the corona epidemic is nearing its end, on the basis of which it can be said that in the next 1 year, there will be a good growth in the income of small and medium companies. However, valuations in the market are seen at very high levels. There are also some stocks related to midcap smallcap tech and commodities, whose valuations are seen to increase significantly. He further said that power, auto ancillary and specialty chemicals can do well in the new Savant. Keeping this in mind, investors should focus on the industry leader.
In the auto ancillary sector, Endurance Technologies, Minda industries and Gabriel India are the top picks of Gaurav Garg. He says that in the next 1 year, there can be a growth of 15-20 percent. Investors should keep an eye on these stocks and buy any downside.
Anand Rathi’s Narendra Solanki says that in the new year we should keep an eye on IT, chemicals, consumer and manufacturing sectors. Apart from this, it would be advisable to invest in quality stocks related to financial and realty. From a mid-term perspective, this sector looks very good.
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