87 stocks turn multibaggers in resilient Indian market during H1. What's the second half looking like?

[hfe_template id='11223'] [ad_1]
Indian equities have exhibited marked strength despite bouts in the first half of the current calendar year of volatility and panic. This meant that the benchmark Nifty is up over 9% in the first half.

Meanwhile, the broader market continued its upward journey so far this year as well with the Nifty smallcap and midcap indices rising 20% each.


As we draw close towards the end of H1, ETMarkets analysed the stock performance of various companies (market cap of over Rs 1,000 crore) and found that around 85 companies have delivered multibagger returns to investors during this period.

The returns went as high as nearly 800% with Marsons and Tinna Trade (718%) topping the charts. About 2 companies -- Diamond Power Infrastructure and Bondada Engineering -- gained over 600% during the first half of the year.


The multibagger stocks range from varied sectors including IT, Telecom, Textile, Power, Capital Goods, Chemicals, Agri, Infrastructure and many others.
In the IT segment, about 7 companies including TechNVision Ventures, Alphalogic Techsys, Kkrrafton Developers, Moschip Technologies, Blue Cloud Softech, ASM Technologies and Oracle Financial Services gained 100% or more in the reporting period.

Meanwhile, just over 20 stocks from the capital goods segment turned multibaggers during the first half of the year. Some of these names are Shakti Pumps, Transformers and Rectifiers, Nibe, TIL, Azad Engineering, Kirloskar Brothers among others.

What should investors do?

Domestic markets are currently trading near all-time highs even though the Lok Sabha election outcome was a bit dicey. Equities took comfort from the smooth formation of the government by the Modi-led NDA despite the BJP falling short of simple majority.

In the next half of the year, analysts said all eyes will be on the Union Budget due in July to gauge the policy trajectory of the government along with US Fed's interest rate moves and the outcome of the US Presidential elections later in the year.

"Amidst moderate consolidations and sector rotations, the market is moving upwards due to expectations from the upcoming budget. Additionally, the progress of the monsoon is being watched for insights into the consumption outlook," said Vinod Nair, Head of Research, Geojit Financial Services.

ICICI Securities in a recent report projected Nifty to be around Rs 25,200 levels by the year end, going by the historical market trends in election years and conventional charts.

Indices related to midcaps and smallcaps are in structural uptrend and expected to gain more than 16% by end of the year, the brokerage said.

With inputs from Ritesh Presswala

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

[ad_2] Source link https://mrgaga.in/87-stocks-turn-multibaggers-in-resilient-indian-market-during-h1-whats-the-second-half-looking-like/?feed_id=40927

Comments

Post a Comment

Popular posts from this blog

India VIX jumps 100% in one month. Could fear levels take Nifty further down?

Image
[hfe_template id='11223'] [ad_1] Volatility in Indian equity markets has surged sharply over the past month, with the India VIX nearly doubling as geopolitical tensions and global uncertainty triggered aggressive selling in equities. India VIX, often referred to as the market’s fear gauge, has jumped close to 100% over the past month, reflecting growing nervousness among investors. The spike has coincided with a sharp correction in the broader market, with the Nifty 50 declining about 8% during the same period. The escalation of tensions involving the United States, Israel and Iran has intensified market anxiety in recent days, pushing crude oil prices sharply higher and triggering a global risk-off sentiment. However, analysts note that volatility had already been building even before the conflict escalated, reflecting broader concerns around global growth, foreign capital outflows and stretched valuations in equities. The heightened uncertainty translated into a sharp ...
Read more

Can Sensex, Nifty snap 2-day fall on Monday? 7 factors that could decide market mood this week

Image
[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty ended the week on a bearish note, closing over a percent lower each as a deepening selloff in IT stocks rattled investor sentiment amid mounting fears of AI-led disruption. Further, stronger-than-expected jobs data for January dampened hopes of a US Fed interest rate cut. Here are 7 factors that could decide market action in the coming week: 1.) Infosys, Wipro ADRs rebound - After a brutal two-day selloff that saw Infosys and Wipro ADRs plunge as much as 14.5%, Friday’s session brought a much-needed breather. Bargain hunting kicked in at lower levels, sparking a sharp rebound as Infosys climbed 3% while Wipro gained 4%—helping both stocks close the week on a far stronger note. International brokerage firm JP Morgan has a message for panic-stricken investors: IT services firms are the indispensable "plumbers of the tech world" and their dividend yields have now hit levels last seen only during ...
Read more

Waaree Energies shares in focus after Q4 profit rises 34% to Rs 619 crore, revenue up 36%

Image
[hfe_template id='11223'] [ad_1] Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago. The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24. For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,9...
Read more