62 BSE500 stocks give double-digit returns in September as market scales record highs. What's next?
Indian equity markets scaled new highs in the month of September on the back of 50 bps rate cut by the US Federal Reserve, boosting the sentiments of investors that the easing cycle is here to stay. The markets clocked gains in three out of four weeks during the month.
Benchmark Sensex rose 1.22% in September, as many as 62 stocks on BSE 500 clocked double-digit gains of up to 35%. Among these, about seven of them offered over 25% returns to investors during the month.
These include Gujarat Fluorochemicals, JM Financial, Jubilant Pharmova, Campus Activewear, Himadri Speciality Chemical, Maharashtra Scooters, Cholamandalam Financial Holdings among others.
The double-digit gains came from stocks of varied sectors of finance, pharmaceuticals, cement and construction, chemicals, textile and auto ancillary.
In the smallcap space, as many as 146 stocks rose in double-digits with Ravindra Energy turning multibagger boasting a gain of 112%.
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