Updated on 17 May 2017
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10 Stocks gained 100 percent when Nifty rose from 9000 to 9500
The Nifty50 reclaimed the 9,000 mark in the month of March 2017 and since then there has been no stopping the rally which pushed the index above 9,500 in May. The Nifty50 recorded its then lifetime high of 9,119 back in March 2015.
The index took 42 trading sessions to rally nearly 5 percent or 500 points from 9,000 to 9,521 on May 17, but there was plenty of stock specific action. As many as 354 stocks from the Nifty 500 index outperformed the Nifty50 index.
Almost 10 stocks rallied over 50 percent in 42 trading sessions with Indiabulls Real Estate gaining as much as 118 percent in the same period. Other stocks, which rose over 50 percent, include names like Bhushan Steel, Avanti Feeds, Adani Transmission, Network 18, Chambal Fertilisers, RCF, Bank of India, MOSL, and PNC Infratech.
Not just Sensex and Nifty50, as many as 168 stocks on the BSE hit a fresh 52-week high on Wednesday which includes names like Bayer Crop, Vardhman, Monsanto India, Bajaj Holdings, Ceat, Safari Ind, Bajaj Finance, HUL, MOSL, Manpasand Beverages etc. among others.
Nearly 100 stocks gave negative returns with Shilpi Cable slipping up to 72 percent in the same period, followed by JMT Auto which fell 38 percent, and Infibeam Incorporation dropped 28 percent in the last 42 sessions.
After a sharp run-up in prices, the index took a breather at higher levels on Wednesday, but the bull mark argument still remains intact. Investors are advised to ignore any short-term correction and look at adding positions in quality stocks on dips.
Considering that in 2017, the Nifty has already rallied more than 15 percent and the mid-cap and small-cap indices have surged about 30 percent