The Nifty is up more than 25 percent, the Bank Nifty has gained more than 40 percent. The midcap and small cap space has outperformed key indices.
Since last Diwali, the rupee has been stable at around 61.5 per dollar and commodities have not been a great place to be but equities have been rocking on. Perceived safe investment, gold has seen cut of close to around 6 percent just in the last one year. Silver, is always more volatile, it has lost more than 20 percent. There have been sharp cuts on the likes of copper and crude. All of them are trading with sharp cuts in comparison to a year ago. But for the equity space it has been absolutely rocking year. The Nifty is up more than 25 percent, the Bank Nifty has gained more than 40 percent. The midcap and small cap space has outperformed key indices. CNBC-TV18’s Nigel D’souza picks stocks have been blowout performers or big losers from last Samavat to this one.
BPCL , Axis Bank , Maruti Suzuki , PNB and BHEL have clocked big gains in the past one year. The defensive stocks as well have been behind but not far behind because stocks like Lupin , Tech Mahindra and HCL Tech have given gains in excess of around 35 percent.
Heavyweight stocks have really driven this rally. There has been buying into blue-chips like L&T, ICICI Bank and HDFC twins. ITC has been a relative underperformer because it has gained only 5 to 7 percent.
From the midcap space, Apollo Tyres , Ashok Leyland and Adani Enterprises have seen big gains. Stocks like HPCL , Motherson Sumi , Voltas and Bharat Forge gave big gains in the last one year.
Further stocks like Kitex Industries , Gati , Marksans Pharma and NBCC have given gains in excess of 400 percent.
JSPL , DLF and Cairn India have posted losses in excess of around 10-40 percent in the last one year. In the midcap space, Reliance Communications and L&T Housing Finance have seen cuts of around 30 percent and 17 percent respectively. There have been some losses on McLeod Russel .