Multibaggers!  Six stocks that have performed better so far in 2022 despite sales

Multibaggers! Six stocks that have performed better so far in 2022 despite sales – Mail Bonus

New Delhi: Despite the sale of the domestic stock market, a handful of stocks have managed to return multiple times in the first four months of 2022 so far.

According to AceEquity data, at least half a dozen counters have risen between 100-180 percent between January-April 2022, while the same number of stocks has risen between 90-100 percent during the period under review.

The benchmark indices – BSE Sensex and Nifty50 – have fallen by 4 percent this year so far. The indices based on the second tier of equities – average and small equities – have fallen by 5 percent.

Market analysts say rising inflation, momentum in bond yields, a steady outflow of FIIs, rising commodity prices, a war crisis between Russia and Ukraine and supply chain disruptions are hurting market sentiment.

Siddharth Oberoi, founder of Prudent Equity, said that global problems have increased the cost of most manufacturers. “It is expected to hit corporate profits, especially for companies that can not pass the cost on to end users.”

FIIs have been on sale for the past seven months. Their combined sales are the highest the Indian market has ever seen, he added. “This, together with a market at a high price, has been limited.

The list includes the power arm of the Adani Group, Adani Power, which has grown by 181 percent since the beginning of the year. The disc has risen to Rs 280.3 at the end of April since closing at Rs 99.75 on December 31, 2021.

It is followed by Chennai Petroleum Corporation, which has risen by 172 percent, while Gujarat Mineral Development Corporation (GMDC) has grown by 154 percent in the first four months.

Swan Energy (119 percent up), Adani Green Energy (117 percent up) and TGV SRACC (109 percent up) are other counterbalances to more than doubling investor wealth this year.

ETMarkets.com

The majority of multibagger counters are from energy, power or raw materials. Such sectors have been favored recently amid growing demand for raw materials and energy around the world.

“The country has seen an increase in peak demand due to 100 percent electrification and increased ventilation penetration. Maximum power shortages have increased to 3.9 percent and coal inventories have decreased in eight days from 25 days before,” said Charanjit Singh, fund manager of TIGER DSP Mutual Fund.

“This is creating a positive attitude for energy companies that were struggling to book and ESG (environmental, social and governance) concerns,” he added.

Khaitan Chemicals & Fertilizers, Gujarat Ambuja Exports, Bharat Dynamics, Meghmani Finechem, BLS International Services, DB Realty are the scale to rise between 90-100 percent in the period January-April 2022.

table 2.ETMarkets.com

Interestingly, another 15 stocks have risen between 70-90 percent during the period under review. More than 35 shares have risen by more than 50 percent since the beginning of the year.

Among large companies, and especially Nifty, financial services and consumers, which are around 50-55 percent, have been reduced due to challenges in the consumer segment, says Shreyash Devalkar, CEO of the Axis Mutual Fund.

“The weight in that category is higher in large companies and that is why large companies have also performed poorly on the index,” he added.

However, the bears have dominated the bulls in 2022 so far as the number of prey is greater than those that yielded positive returns.

Up to eight companies have emptied in the range of 50-70 percent during the period. Other than five controversial shares of Future Group, the list includes One97 Communication, Yaari Digital Integrated Services and KBC Global.

TableETMarkets.com

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