 "Indiabulls Ventures zooms nearly 1000% in Samvat 2073")
Even as equity markets, as represented by the benchmark indices – the S&P BSE Sensex and the Nifty 50 – rallied nearly 16% and 17% respectively in Samvat 2073, the rally in select individual stocks has been sharper.
A quick analysis of stock price movement in the BSE 500 segment reveals as many as 24 stocks doubled investor wealth during the last Samvat (between October 30, 2016 – October 13, 2017), with Indiabulls Ventures rallying up to 1000%. Adani Transmission, Avanti Feeds, Rain Industries, Bombay Dyeing and Future Retail gained in the range of 200% - 400% during this period, ACE Equity data show.
Experts suggest that the markets are likely to continue to carry this positive momentum into Samvat 2074 as well.
“The S&P BSE Sensex is currently trading at 18.8x of its FY2019E earnings which is ~8% premium to its 10 year average PE of 17.4x. We believe that the Indian economy is primed for sustained growth momentum with strong macros and improving rural economy. As interest rates are likely to remain lower, equities will remain attractive asset class and domestic inflows will be supportive of liquidity and valuations,” says Dinesh Thakkar, chairman and managing director, Angel Broking.
| Company Name | Change (%) * |
| Indiabulls Ventures Ltd. | 986.5 |
| Adani Transmission Ltd. | 377.7 |
| Avanti Feeds Ltd. | 365.8 |
| Rain Industries Ltd. | 293.4 |
| Bombay Dyeing & Manufacturing Company Ltd. | 258.2 |
| Future Retail Ltd. | 214.3 |
| Dilip Buildcon Ltd. | 207.6 |
| Future Consumer Ltd. | 183.3 |
| Sterlite Technologies Ltd. | 155.1 |
| Bombay Burmah Trading Corporation Ltd. | 153.2 |
| KRBL Ltd. | 148.1 |
| Indiabulls Real Estate Ltd. | 146.7 |
| Motilal Oswal Financial Services Ltd. | 143.2 |
| Future Lifestyle Fashions Ltd. | 143.0 |
| KEC International Ltd. | 137.6 |
| Edelweiss Financial Services Ltd. | 134.5 |
| Chambal Fertilisers & Chemicals Ltd. | 130.4 |
| Jindal Steel & Power Ltd. | 115.6 |
| Sunteck Realty Ltd. | 114.7 |
| Minda Industries Ltd. | 113.1 |
| APL Apollo Tubes Ltd. | 110.8 |
| Hatsun Agro Products Ltd. | 103.6 |
| Time Technoplast Ltd. | 102.5 |
| Vakrangee Ltd. | 100.6 |
| Source: ACE Equity | |
| * Change since last Muhurat trading till Oct 13, 2017 |
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