The festival of lights i.e. Diwali is always special for Indians, whether they be in India or in any corner of the globe. For investors in the equity markets, Diwali is even more auspicious and every investor knowingly or unknowingly tends to look at the markets with a fresh perspective, hoping to get a fresh insight on the individual portfolio and also on the markets. It is indeed time to take stock of the portfolio and evaluate realistically how the equity portfolio has performed vis-à-vis other asset classes. The key benchmark indices have gone nowhere while delivering negative returns in excess of 6 per cent in the past one year. However, the broader markets have kept equity investors in India rich and shining. The broader market indices reflect the same bearishness as seen in the key benchmark indices but the breadth of the market has been positive this season with several stocks turning out to be multi-baggers. We find that at least 19 stocks have gained by more than 1,000 per cent in the past one year or so since the previous Diwali.
As many as 27 stocks delivered returns between 500 per cent and 1,000 per cent while at least 401 stocks delivered returns between 100 per cent and 500 per cent. This also means that investors had in total 447 stocks to choose from that more than doubled since the previous year’s Diwali. The broader market’s strong performance is further realised when we see that as many as 400 stocks have gained between 50 per cent and 100 per cent since the previous Diwali and at least 433 stocks have gained by more than 25 per cent and up to 50 per cent.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
