Asian Paints to Infosys: 70 stocks that surged up to 40% since Budget 2019

About 14 stocks, including HDFC Life Insurance Company, Dabur, NIIT Technologies, Infosys, Torrent Pharma, Asian Paints, and Berger Paints, have rallied up to 16 per cent.

Proposals under Union Budget 2019 to impose a surcharge on foreign portfolio investors (FPIs) and a 20 per cent tax on share buybacks, trade-tariff salvos between the United States and China, and a collapsing domestic economy that hit a six-year low in the June quarter brought stock markets to their knees.

At the bourses, indices have cracked since the presentation of the Budget. The S&P BSE Sensex and the Nifty50 have slipped 8 per cent, each, while the S&P BSE 500 has lost 9 per cent during the period under review.

Despite this, about 70 stocks, including Hathway Cable and