Samvat 2077 Multibaggers: These 10 stocks from Nifty Midcap100 & Nifty Smallcap100 yielded 250% to 492% returns

In an overall good year for the markets, the broader market indices Nifty Midcap100 and Nifty Smallcap100 outperformed domestic equity benchmarks Nifty50 and S&P BSE Sensex. Nifty Midcap100 and Nifty Smallcap100 yielded 70.4% and 81.5% between November 13, 2020 and November 2, 2021.  

As the indices gained significantly in the past 12 months, many stocks of these indices generate multi-fold return for shareholders.  

Top 5 Nifty Midcap100 stocks  
For Nifty Midcap, Adani Total Gas emerged as top gainer with 492% return during the same period, as per Zee Business TV report. JSW Energy with 429.4%, Tata Power (314%), Tata Elxi (309%) and Hindustan Copper (274%) were other outperformers from this index. Alembic Pharma, Amar Raja Batteries and Dhani Services were top three laggards that tried to pull down the index with –20%, -14% and –11% returns respectively.  

See Zee Business Live TV Streaming Below:

Top 5 Nifty Smallcap100 stocks  

On Nifty Smallcap100, Trident (438%), happiest Minds Tech (290%), IEX+ (260%), Laxmi Organics (252%) and Balaji Amines (251%) were index toppers between November 13, 2020 and November 2, 2021. Ujjivan Samll Finance Bank (-35%), Astrazeneca Pharma (-30%) and Strides Pharma (-20%) were top losers.  

These sectors to drive next leg of rally
Ahead of Samvat 2078, Prem Prakash, CEO CapitalVia Global Research Limited, said next leg of rally will be driven by capital goods, banks, power, chemical and textile in tandem with the growth impulses seen across the economy. 

Market outlook for Samvat 2078

"Technically, if Nifty50 closes above 18500, we can see 19000 -19100 levels in the short-term. On having a weekly close above 19300, we can see a sharp rise towards 19700 – 20000 levels. We can expect a level of 22500 -23000 before next Diwali. On the downside, 17800 – 17300 is strong support zone and Investor can take strong buy view near these levels. 16800 is going to be the ultimate stop loss, below which market will turn bearish," said the expert.