It's raining money! 88% of all BSE stocks are up, 20% turn multibagger from March lows
multibagger in the last few months, then allow market data to humble you down. In the nine-month period from March 20, when Sensex and Nifty were at 52-week lows, till December-end, 88% of all stocks from the entire universe of BSE-listed counters have given positive returns.
Not only that, 1 out of every 5 stocks on Dalal Street have rallied at least 100% during the period.
To find out how the rising tide has been strong enough to lift all boats, ETMarkets scanned price performance data of all BSE-listed stocks in between March 20 and December 29, the last trading day of 2023. Incidentally, Sensex's last record high was the day after — on January 1.
We sifted through the world of smallcaps, microcaps and even penny stocks but excluded scrips that were not traded on March 20 and December 29.
The result was interesting if not startling.
Out of the 3,708 stocks, a vast majority of 3,245 or 88% gave positive returns during the period. When it came to multibaggers, the list went up to 736 which is about 20% of the total number of stocks traded on the exchange.
From March lows, Sensex had rallied about 14,500 points while Nifty is up 28.5%.
The rally has been much sharper in small and midcap stocks where retail investors are giving the big boys of Dalal Street a run for their money.
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“While 2023 was a thrill ride for retail investors, with many smaller stocks soaring, it's important to remember that bull markets can create a false sense of mastery.
Easy gains can make anyone look like a genius, but when the tide turns, even seasoned investors can struggle. It's crucial to avoid the illusion of skill and recognize that market cycles are a
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