187 BSE500 stocks offer double digit returns as markets scaled new heights in June
small-cap segments underperformed.
During the June month, as many as 187 BSE500 stocks have delivered double digit weekly returns with four of them offering over 40% returns.
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
About 11 stocks including Praj Industries, Bombay Burmah, IFB Industries, Bayer CropScience, Mazagon Dock Shipbuilders, Cholamandalam Financials, Whirlpool India among others have offered returns between 30-40% during the week.
In the smallcap segment, about 2 stocks GTL Infrastructure and Moschip Technologies have turned multibaggers. While GTL Infrastructure has gained 118%, Moschip delivered 114% returns in the last one month.
Meanwhile, nearly 452 stocks in the smallcap segment offered double-digit returns during the reporting month. In the midcap segment, around 42 stocks gained in double-digits.
Among the Sensex pack, around 5 stocks including Ultratech, Tech Mahindra, Mahindra and Mahindra, Infosys and HCL Technologies, offered returns of double-digits.
During the month, the IT sector especially showed notable recovery along with private banks which outperformed public sector banks in the banking segment.
What should investors do?
In the coming week, investors will closely monitor domestic CPI data for July, which is projected to show a significant increase due to rising food prices.
In the upcoming week, the focus will be on the release of US and Indian manufacturing PMI
