The Sensex may reach 60,000 by December, and these five stocks gave investors with good returns in 2021.
The bullish trend in the Indian stock market is still going strong. Despite the second wave of Kovid-19, the stock market has risen to new highs as macroeconomic fundamentals have improved significantly.
The Sensex has grown from 54,000 to 56,000 in just one month. According to Yes Securities, the Sensex will reach 60,000 points by December 2021. On 2021, a huge number of smallcap, midcap, and largecap stocks have rapidly become multibaggers in the market.
GNA Axles, Andhra Petrochem, KPR Mill, HG Infra, and Alkyl Amines are among the top performers on Dalal Street. When a recession hits, as Peter Lynch correctly stated, the stock market plummets. If you don't believe it will happen, you aren't prepared, and you will struggle in the market.
In March 2020, the Sensex was broken by more than 3900 points
When a recession hits, as Peter Lynch correctly stated, the stock market plummets. If you don't believe it will happen, you aren't prepared, and you will struggle in the market.
Let us remind you that the BSE Sensex fell 3,934.72 points, or 13.15 percent, to 25,981.24 on March 23, 2020. The announcement of a statewide lockdown to avoid the spread of corona virus infection caused a significant drop in the Sensex. However, following the dramatic dip in March 2020, the Indian stock markets have seen an amazing rise.
The Sensex grew from 54,000 to 56,000 in just one month. The market's advance was supported by improved macroeconomic data, frequent buying by retail investors, solid profitability, and a faster rate of immunisation.
Despite the impact of the second wave, India has made a V-shape recovery, according to the Department of Economic Affairs' monthly economic review. GDP increased by 20.1 percent in the first quarter of fiscal year 2021-22. In comparison to the first quarter of FY20, the recovery was higher than 90%.
These shares gave bumper returns to investors
Many small-medium-cap stocks in the market have made investors a lot of money. In the year 2021, the stock of Alkyl Amines has returned 166 percent. The price of the shares increased from Rs 1,533 to Rs 4,136.85. In the last five years, the stock has increased by 3,201 percent, and in the last ten years, it has increased by 23,647 percent.
In the year 2021, the shares of GNA Axles returned 190 percent. The stock has been steadily rising for the past three days, gaining 9.11 percent in that time. Andhra Petrochemicals Limited (Andhra Petrochemicals Limited) investors, on the other hand, have seen a 395 percent return in the last year and a 194 percent increase since the beginning of this year.
In terms of returns in the year 2021, HG Infra Engineering is also not far behind. Multibagger stock has returned 180 percent in the last year and 210 percent in the last year. KPR Mills Ltd. is likewise no slouch when it comes to profits. Since the beginning of the year, the midcap stock has risen 160 percent, and it has returned almost 300 percent in the last year.
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