Meet the wealth creators of FY18! Top 20 stocks which rose up to 1000%
The calendar year 2017 might have closed on a blockbuster note with Sensex and Nifty gaining close to 29 percent but bulls lost steam in FY18. The S&P BSE Sensex is up a little over 10 percent so far in the financial year 2018.
Indian markets lost momentum soon after the Budget. The surprise announcement of Long Term Capital Gains (LTCG) tax caught many investors both domestic as well as foreign off guard. Rising inflation as well as muted macro data point towards a mild slowdown.
The news from the globe was not encouraging as well. US Federal Reserve comments on aggressive rate hikes in the year 2018 got many investors across the globe puzzled and the latest incident to kick off risk-off sentiment was the possibility of Trade War which could weigh on global growth.
Benchmark indices were hitting fresh record highs almost on a daily basis till January 2018, but back-to-back selling by FIIs as well as domestic investors weighed on Indian markets. The Nifty50 index is trading below 10,000 while the S&P BSE Sensex slipped below 33000.
Well, there aren’t many multibaggers in FY18 as there were in the calendar year 2017 but as many as 22 stocks in the S&P BSE 500 index rose as much as 1000 percent in FY18.
Stocks which outperformed Sensex include names like HEG which rallied 1414 percent, followed by Graphite India which surged 610 percent, and Indiabulls Ventures rose 332 percent, as per data collated.
Other stocks which more than doubled investors’ wealth in the same period include names like Avanti Feeds, Sterlite Technologies, Radico Khaitan, Indiabulls Real Estate, Avenue Supermarts, Nocil, NIIT Technologies, V-Mart, Adani Transmission, and Rain Industries among others.
Well, the year 2018 started on a high note with benchmark indices hitting fresh highs almost on a daily basis but the recent correction has given the opportunity to long-term investors’ to build a solid portfolio as most stocks are now available at attractive valuations.
The assessment is that investments made during this fiscal will yield very good returns and purchases will be at reasonable valuations and not elevated levels what was the case in the second half of 2017-18.
Another important element which will contribute to the outperformance would be a revival of earnings which most analysts’ are counting on.
The December quarter earnings season was no blockbuster but it did give a ray of hope to analysts that there are green shoots emerging. We could see double-digit growth from Indian Inc. in FY19 which should take markets higher in next 12 months.
The only green-shoot for our markets is that the earnings seem to be back after a long hiatus. This was the missing link in the entire euphoria for the last 3-4 years. One can expect the earnings momentum to accelerate going ahead unless there are further unforeseen events.
Also, the elections being near, the government will try its best to get capex and growth back into the economy. The ongoing correction thus provides a good opportunity to buy in the midst of pessimism and noise.
Happy Investing
The calendar year 2017 might have closed on a blockbuster note with Sensex and Nifty gaining close to 29 percent but bulls lost steam in FY18. The S&P BSE Sensex is up a little over 10 percent so far in the financial year 2018.
Indian markets lost momentum soon after the Budget. The surprise announcement of Long Term Capital Gains (LTCG) tax caught many investors both domestic as well as foreign off guard. Rising inflation as well as muted macro data point towards a mild slowdown.
The news from the globe was not encouraging as well. US Federal Reserve comments on aggressive rate hikes in the year 2018 got many investors across the globe puzzled and the latest incident to kick off risk-off sentiment was the possibility of Trade War which could weigh on global growth.
Benchmark indices were hitting fresh record highs almost on a daily basis till January 2018, but back-to-back selling by FIIs as well as domestic investors weighed on Indian markets. The Nifty50 index is trading below 10,000 while the S&P BSE Sensex slipped below 33000.
Well, there aren’t many multibaggers in FY18 as there were in the calendar year 2017 but as many as 22 stocks in the S&P BSE 500 index rose as much as 1000 percent in FY18.
Stocks which outperformed Sensex include names like HEG which rallied 1414 percent, followed by Graphite India which surged 610 percent, and Indiabulls Ventures rose 332 percent, as per data collated.
Other stocks which more than doubled investors’ wealth in the same period include names like Avanti Feeds, Sterlite Technologies, Radico Khaitan, Indiabulls Real Estate, Avenue Supermarts, Nocil, NIIT Technologies, V-Mart, Adani Transmission, and Rain Industries among others.
Well, the year 2018 started on a high note with benchmark indices hitting fresh highs almost on a daily basis but the recent correction has given the opportunity to long-term investors’ to build a solid portfolio as most stocks are now available at attractive valuations.
The assessment is that investments made during this fiscal will yield very good returns and purchases will be at reasonable valuations and not elevated levels what was the case in the second half of 2017-18.
Another important element which will contribute to the outperformance would be a revival of earnings which most analysts’ are counting on.
The December quarter earnings season was no blockbuster but it did give a ray of hope to analysts that there are green shoots emerging. We could see double-digit growth from Indian Inc. in FY19 which should take markets higher in next 12 months.
The only green-shoot for our markets is that the earnings seem to be back after a long hiatus. This was the missing link in the entire euphoria for the last 3-4 years. One can expect the earnings momentum to accelerate going ahead unless there are further unforeseen events.
Also, the elections being near, the government will try its best to get capex and growth back into the economy. The ongoing correction thus provides a good opportunity to buy in the midst of pessimism and noise.
Happy Investing
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