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