Samvat 2077: Know how unicorns & technology took centre stage in pandemic-hit year

Samvat 2077 has been probably one of the best years for the Indian stocks markets. The year witnessed the share market giving unparalleled returns to investors. From metal, PSU Bank to realty stock, the year saw investors' money growing manyfold in a year marred by Covid 19 pandemic. Even the major indices saw a jump like never before in a calendar year.  
Domestic equity benchmarks Nifty50 and S&P BSE Sensex yielded 41 per cent and 38.2 per cent returns respectively between November 13, 2020 and November 2, 2021, as per Zee Business TV report.

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During the same period broader market indices Nifty Midcap100 and Nifty Smallcap100 outperformed equity benchmarks with 70.4% and 81.5% returns respectively.  
Though almost every sector put up a stellar show in Samvat 2077, but the year probably belonged to Unicorn and Technology. It was also reflected in the performance of IT-themed Index Nifty IT in Samvat 2077.

The Index recorded 69.6% return in the last one year as on November 3, 2021, with many IT stocks clocking over 100% return. Mind Tree was leader of the Nifty IT pack with a massive 251.2% return fetched till November3, 2021. Mphasis Ltd (142.4%), Coforge Ltd (137.8%), L&T Infotech Ltd (129.4%), Wipro (94.4%) and Tech Mahindra (85.4%) were other showstoppers among IT shares. The data is as per Stock Edge, an app to analyse NSE, BSE data.  

''Technology adoption is heart of every business''

Meanwhile, talking about how Samvat 2077 has been the Year of Unicorns & Technology, Yesha Shah, Head of equity research, Samco Securities, says the pandemic has resulted in various long-term structural changes, the most significant one has been the rapid rise of the Information Technology industry. "Businesses all across the globe are more eager than ever to accelerate their digital transformation," he said.  

Shah points out that technology adoption, which was formerly limited to certain sectors, has now become mainstream and is at the heart of every business. "With the advent of e-commerce, this move to online prompted major alterations in sectors such as travel, hotels, restaurants, entertainment, and education," said Yesha Shah.  

As the year also saw unicorns like BharatPe, Grow Coin DCX, Cred, Digit, etc. doing extremely well during Samvat 2077, Samco Securities head of equity research, said, " With increased internet access, smartphone penetration, and 5G modernization in India, the user base of Indian tech-driven fintech, edtech, healthtech and e-commerce start-ups is rapidly growing This trend is backed up by India's growing list of Unicorns, which has resulted in the nation having the world's 3rd largest start-up ecosystem."