Since Christmas 2019, 35 stocks have jumped 100 to 900 percent

Ahmedabad. 25 December 2020, Friday

During the one-year period from Christmas 2018 to Christmas 2020, six stocks in the small-cap and mid-cap sectors have risen between 100 and 200 per cent, despite many favorable and unfavorable factors. At the same time, the small-midcap index has outperformed the main index.

The Sensex and Nifty hit a new record high before hitting new lows after the Sensex and Nifty plunged to the bottom of the stock market on the back of panic-ridden sell-offs caused by the Corona epidemic in the stock market during the reported period.

Even in the midst of this turmoil in the market, smallcap and midcap stocks saw significant gains compared to frontline stocks. Out of which, 8 stocks in the sector rose from 100 per cent to 200 per cent.

The Sensex and Nifty had gained 18 per cent during the year. On the other hand, the smallcap index rose by 9 per cent and the midcap index by 12 per cent during the period.

According to market analysts, the market bounced back sharply on the back of a flurry of foreign investors due to ease of liquidity in the market, relief packages announced by central banks of various countries to boost the economy as well as a series of measures taken by the local government.

All the regional indexes also saw a double-digit improvement during the year, with new takers following the report improving the stock's own performance.

New entrants had included 3% of the stocks in the BSE 500 index in the positive zone. Of these, 20 per cent saw double-digit growth. The stocks that have seen gains ranging from 100 to 200 per cent have seen rapid gains in other sectors, including healthcare, technology, specialty chemicals.