Rs 1 lakh grows into Rs 7.22 lakh in 5 months: Did you own this stock?

As equity benchmarks Sensex and Nifty went on a record-setting spree, hitting record highs every second day, equity investors minted money with both hands.

Among the big performers, 75 stocks surged between 100 per cent and 640 per cent on NSE from their December lows.

The Nifty50 index surged over 1,600 points to 9,525 on May 17 from the December 26, 2016 low of 7,908.

The bulls seemed to be in complete control of the market with factors like expectation of good monsoon rains, implementation of GST and sustained inflow of foreign funds supported the market.

Among the top gainers on NSE, Indiabulls Ventures surged 622 per cent between December 26 and May 17, which means an investment of Rs 1,00,000 in the stock back in December would have swelled to nearly Rs 7,22,000 in these five months.

The share price of Indiabulls Ventures jumped from Rs 19.85 on December 26, 2016 to Rs 143.40 on May 17, 2017.

Among others, C&C Construction (up 326 per cent), Goldstone Infratech (up 270 per cent), Websol Energy (up 245 per cent), Manaksia Industries (up 245 per cent) and Weizmann Forex (up 227 per cent) stood out as top gainers during this period.
Shares of Sawaria Agro, Venky’s (India), HOV Services, FACT, Future Retail, National Fertilizer, Indiabulls Real Estate, LT Foods, Avanti Feeds, Bhushan Steel and Escorts have advanced between 135 per cent and 200 per cent since December 26.
Pankaj Pandey, Head of Research, ICICI Securities, said: “A further upside of around 10 per cent on the index levels cannot be ruled out given the stable commodity prices and revival of consumption-led demand, which should result in strong double-digit earnings recovery over FY18-19E.”

Shilpi Cable, JMT Auto, Mandhana Industries, JMT Auto and MT Educare were among top losers on NSE during this period.

Sectorwise, 14 stocks from the banking sector soared between 50 per cent and 87 per cent, with DCB Bank (up 91 per cent), Federal Bank (up 84 per cent), Dhanlaxmi Bank (up 90 per cent) and RBL Bank (up 71 per cent) emerging top gainers.
Seven stocks from the auto ancillaries space have delivered up to 117 per cent return from their December lows, with PPAP Automotive rising the most at 117 per cent, followed by Lumax Industries (up 98 per cent), Subros (up 67 per cent) and Steel Strip Wheels (up 63 per cent).

In the fertiliser space, FACT, National Fertilizer, Nagarjuna Fert and RCF soared over 100 per cent during this period.

Shares of non-banking finance companies hogged limelight, as 38 stocks have risen over 50 per cent since December 26. Indiabulls Housing Finance and Reliance Capital have surged 67 per cent and 65 per cent, respectively, while L&T Financial Holdings, PNB Housing and Manappuram Finance have gained 65 per cent, 64 per cent and 60 per cent, respectively.

On further market movement, YES Securities said: “We see potential for significant upside in the market, supported by an improvement in the country’s economic fundamentals. This is clearly reflected in the earnings growth that has improved from the levels seen 3-4 quarters back.”

Gautam Duggad, Head of Research at Motilal Oswal Securities, said: “Sectors like housing finance, NBFC, paints, building materials, tiles, ceramics, consumer electricals and consumer durables look interesting from an investment perspective for the coming quarters.”