The price of two stocks doubled on the Nifty's journey from 10200 to 10200 again

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Ahmedabad. Monday, June 22, 2020

Shares of only two companies in the Nifty index doubled during the Nifty's move from 10,200 to 10,700. Shares of nine companies were down more than 50 per cent. Investors also suffered huge losses as volatility prevailed in the market several times during this period.

The Nifty index first touched a high of 10,200 in October 2016. After achieving this level, it touched an all-time high of 1,200 in January this year, amid a boom-bust in the market following a series of good-natured incidents.

The market continued to fluctuate even after January, after the announcement of the lockdown in March, it broke the record level and fell back to the bottom of 211. After falling to the bottom, the Nifty touched a high of 10,600 on Friday last weekend on the back of various favorable reports.

On the opening day of the new week, the new taker led the market to improve, following which the Nifty opened higher at 10,612.5 above 10,400 today and touched an intra-day high of 103.50.

Thus, the Nifty has once again failed to hold above 10,400. During this period, the stocks of only two companies in the Nifty index have improved by more than 100 per cent in the long journey from 10,200 to 10,600 points again. That is why the price of Kate has doubled. While shares of seven companies jumped more than 60 to 70 per cent, new stocks fell more than 30 to 40 per cent.

Among the two stocks that have seen a sharp improvement, Nestle tops the list with a gain of 121 per cent. Shares of Mukesh Ambani-owned Reliance Industries rose 104.5 per cent to 106.5 per cent. In this long journey, Dr. Shares of Reddy's, Hind Lever, TCS, Titan, Britannia Ind., Infosys and Bajaj Finance have gained more than 30-40 per cent.

On the other hand, during this long journey, the stocks of nine companies lost more than 50 per cent. These include Tata Motors, IndusInd Bank, Vedanta, Zee Enter, IOC, Bharti Infra, Tata Steel, Coal India and ONGC.

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