10 stocks that gave over 100% return in past three months
At 1320 hours Sensex was trading at 31,325.77, down 43.57 points, or 0.13%. While, NSE was trading at 9,658.25, down 16.30 points or 0.17%.
BSE Sensex and NSE Nifty are trading at all-time high. For the second quarter, historic rollout of Goods and Service Tax (GST) and normal monsoon likely to keep up the mood of equity investors.
With markets touching all-time highs, there are companies that gave over 100% returns in just three months when Sensex gave return of 5% and Niftty gave return of 6.65%.
Sensex on April 3, was trading at 29910.22. During the quarter, the benchmark touched a high of 31,522.87 on June 22. In three months, it jumped by 5%.
On the other hand Nifty, on April 3 was trading at 9237.85 and during the quarter, the benchmark touched a high of 9709.30 on June 6. In three months it gave returns of over 6%.
Now, here's a list shared by Amit Goenka, Analyst at Multibaggerstocks.co.in of 10 companies that made investors' pocket heavy:
"Infrastructure & Housing finance stocks hit new highs and outperformed in the last quarter," he said.
"Going forward, We may see some correction in both these sectors especially as nifty touches the 10K mark which will probably result in some profit booking," Goenka said.
ALSO READ: GST rollout, normal monsoon gives you reason for long-term investment
Jimeet Modi, CEO, SAMCO Securities, said, "We believe sectors just as organised Jewelers, Ceramics tiles, Plywood, textiles, chemicals, footwear and auto ancillaries would be the next happening sectors for next few years. Buying industry leaders in such sectors would be giving above average returns to the investors."
At 1320 hours Sensex was trading at 31,325.77, down 43.57 points, or 0.13%. While, NSE was trading at 9,658.25, down 16.30 points or 0.17%.
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