Share Market Rally: When Kovid came in India, the stock market suffered a huge blow and Sensex and Nifty reached the lowest level. After this the market has made a tremendous comeback. In the last three years and three months, the Sensex has climbed almost two and a half times from its low level. During this period, 25 stocks have proved to be multibaggers and have given huge profits to the investors. In March 2020, Sensex reached its lowest level due to Kovid. Since then it has increased by 150 per cent.
Which stocks performed best?
Looking at the performance of last three years, Tata Motors, Tata Steel and Titan have outperformed during this period. Tata Motors is at the forefront of giving returns and its value has increased eight times. Shares of Mahindra & Mahindra and Maruti Suzuki India have also become multi-baggers i.e. have given more than 100% returns.
Talking about bank stocks, outperformance has been seen in the stocks of State Bank of India, Axis Bank, ICICI Bank and IndusInd Bank. Whereas in IT, HCL Technologies and Infosys have been ahead in giving compensation. Bullish investors expect stable returns in 2023.
The Sensex has crossed the level of 65,000 and has made a new peak along with it. If we look at the performance since Kovid till now, 17 Sensex stocks have given higher returns than the index. Meanwhile, Tata group companies have given investors a jalsa, in which Tata Motors, Tata Steel and Titan Company have got the highest returns.
Which stocks rallied after hitting the March 2020 bottom?
Comparing March 2020 and current prices, Tata Motors shares have gained 754 per cent during this period, while Mahindra & Mahindra has given a return of 395 per cent. Tata Steel’s stock has given a return of 313 per cent to the investors. While the share of IndusInd Bank has increased by 309 percent. The shares of Tata Group’s jewelry and watches maker Titan have increased by 282 percent. Infrastructure company Larsen & Toubro’s stake has increased by 242 percent and Bajaj Finserv’s stake has increased by 232 percent. ICICI Bank’s share has given 229 per cent, Sun Pharmaceutical Industries’ share has given 225 per cent, while Axis Bank’s share has got 220 per cent return.
Sensex comprises six bank stocks, out of which Kotak Mahindra Bank is the only stock which has failed to deliver multibagger. The shares of the rest of the banks have increased from 215 per cent to 309 per cent in three years and three months. During this period, the shares of Kotak Mahindra Bank have increased by only 68 percent. HCL Tech has been the best performer among IT stocks and this stock has grown almost three times post Covid. After that Infosys is the best performer and this stock has gained 151 per cent. But TCS, the top IT sector company, has disappointed. TCS stock could not become a multibagger after Kovid.
Reliance Industries (RIL) stock may not have performed well in the past one year but since March 2020, Reliance’s value has tripled and outperformed Sensex.
