These 56 stocks represent less than 4% of the 1,465 stocks analysed by ETMarkets.
In this list, 15 stocks have delivered over 200% returns in the said period. Smallcap counter Ashika Credit Capital occupies the top slot and is followed by smallcaps Aayush Art And Bullion (730%) and Indo Thai Securities (542%). Meanwhile, Vantage Knowledge Academy, PG Electroplast, Marsons, Windsor Machines, TechNVision Ventures, Shakti Pumps (India), V2 Retail, Shaily Engineering Plastics, Sky Gold and Diamonds and Wonder Electricals have also surpassed the above threshold.
Widely tracked stocks like CarTrade Tech, Sarda Energy & Minerals, Mazagon Dock Shipbuilders, Wockhardt, PC Jeweller, Deepak Fertilisers And Petrochemicals Corporation, Transformers & Rectifiers (India), Goldiam International, EPACK Durable and AMI Organics also feature in this list. Their returns since 2024 Holi are between 144% and 101%. Ashish Kacholia’s portfolio stock Balu Forge has yielded returns of 130%.
The average returns of these 1,465 stocks stand at 9.14%, thanks to the weight thrown around by the above mentioned stocks. In contrast, BSE Sensex has managed returns of just 1.6%.
On the six month basis, when Sensex has declined to the tune of 14% from its all-time high of 85978.25, average returns by these stocks is 37%.
This article does not delve into the merits of the gains or losses seen in these stocks.
Positive returns since last Holi
As far as positive returns are concerned, 636 stocks are in the green. Barring these 56 multibaggers, 580 stocks have given returns in the range of up to 98% since March 25, 2024.
Among the most followed scrips are Lloyds Metals & Energy, Dixon Technologies, Supriya Lifescience, VA Tech Wabag, Aegis Logistics, DOMS Industries, Amber Enterprises, Suven Pharmaceuticals, One97 Communications (Paytm), LT Foods, Windlas Biotech, Camlin Fine Sciences, ITD Cementation India, Garden Reach Shipbuilders & Engineers, Godfrey Phillips India, Piramal Pharma, Kaveri Seed Company, Chambal Fertilisers and Chemicals, Avanti Feeds, Divi’s Laboratories, Inox Wind Energy, Suzlon Energy, InterGlobe Aviation (Indigo), Mahindra & Mahindra, Bharat Electronics and Bharti Airtel, among others.
Holi-to-Holi laggards
The remaining 829 stocks have seen their share price erode up to 75% in this period. In this, 27 stocks have fallen over 50%. Their average negative returns stand at 17% with the biggest spoiler being Jaiprakash Associates.
The other big losers include Spandana Sphoorty Financial, Gensol Engineering, Fusion Finance, Sun Pharma Advanced Research Company (SPARC), IndusInd Bank, Adani Green Energy and Sula Vineyards which have fallen up to 53%.
Buying quality stock remains the only strategy for expert Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking who said that markets have corrected quite sharply and many stocks are offering value. He said that the markets will hit new lifetime highs till next Holi.
(Data Inputs by Ritesh Presswala)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
