Top-10 stocks that make money two to three times in six months, know here

0
207

The Nifty futures on the Singapore Exchange traded 66.5 points (0.36%) lower at 18,794, suggesting markets may open in red on Friday. Here are the 10 stocks most likely to show price movement today. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks

  1. Interglobe Aviation:
    No-frills airline IndiGo announced 168 weekly flights to eight domestic destinations from New Goa International Airport. The second international airport in the state will be opened by Prime Minister Narendra Modi on December 11.
  2. One 97 Communications:
    The company said its board will meet on Dec. 13 to consider possible share buyback proposals that could benefit shareholders, given the company’s cash position.
  3. Hindustan Unilever:
    The leading manufacturer of FMCG will enter the health and wellbeing sector by acquiring a majority stake in OZiva.
  4. Sun Pharmaceuticals:
    In clarification after the halol plant import warning, the pharmaceutical company said it would not revise its sales forecast for the current year and the alert will not affect sales of specialty products.
  5. Adani Enterprises:
    Adani Group’s flagship company acquired a 100% stake in Alluvial Mineral Resources from Adani Infra (India). Alluvial Mineral Resources engages in mineral and ore mining and other related activities.
  6. Lupin:
    Pharmaceutical giant appoints Spiro Gavaris as president of its U.S. generics business. Most recently at Mallinckrodt Pharmaceuticals, he served as President of the Specialty Generics Business and at Hikma as President of US Injectables.
  7. Max Financial Services:
    The financial services company has completed the acquisition of a 5.17% stake in Max Life Insurance Company from Japan’s Mitsui Sumitomo Insurance.
  8. Hinduja Global Solutions:
    The business process management firm said it would acquire a 100% stake in TekLink International for around Rs 483 crore. It also said that it has signed a non-binding agreement to acquire uKnowva, a digital HR management system product business from Convergence IT Services.
  9. Ashok Leyland:
    Hinduja Group’s flagship company has announced the appointment of Shenu Agarwal as its MD and CEO of the company.
  10. Triveni Engineering & Industries:
    Sugar Company promoter Dhruv Manmohan Sawhney has sold 7% of the stake, or 1.7 crore shares, at an average price of Rs280.75 per share for more than Rs 477.27 crore .

    Investors neutralized the impact of the Corona epidemic. Tuesday proved to be auspicious for the Indian stock market. Sensex and Nifty broke all the old records. The Sensex jumped towards 54 thousand points at an all-time record high of 53,823.36 points and the Nifty of the National Stock Exchange (NSE) rose 245.60 points to reach 16130.75 points. The market boom is such that from February 2021 till now, there are some such stocks like JSW Energy, Shree Renuka Sugar, Gujarat Fluorochemicals, which have made investors’ money more than three times.

Top 10 stocks in terms of returns

company Return (in %)
JSW Energy 243
Shree Renuka Sugar 240
Gujarat Fluorochemicals 208
Praj Industries 180
HFCL 175
CDSL 174
Lux Industries 151
Adani Total Gas 132
Jindal Stainless (Hisar) 130
eclerex service 130

 

Returns: February, 2021 to present

Reasons for the rise in the stock market

S Ranganathan, Head of Research, LKP Securities said, “The bulls propelled the Nifty above the 16,000 mark on the back of better GST and export data. Domestic institutional investors infused Rs 280 billion in the first four months of the current financial year. The country’s exports grew 47.19 percent to $35.17 billion in July, according to official data released after the market closed on Monday. Overall exports increased on the back of good growth in Petroleum, Engineering and Gems & Jewelery sectors.

According to Ranganathan, it is clear that the Nifty has crossed the 16,000 level mainly led by retail investors. Retail investors put money in the stock markets while foreign institutional investors pulled out Rs 95 billion from the market during the same period. Vinod Modi, head of strategy research, Reliance Securities, said key data such as GST collection, vehicle sales and e-way bills are indicating a strong revival in July. This is an indication of better financial results of the companies in the next quarter.