The stock market witnessed strong growth in this year
The outbreak of Coronavirus Pandemic spread across the world causing lockdown worldwide. Due to which there was a huge selling in the market.
These shares gave excellent returns
Gaurav Garg of CapitalVia Global Research says that it is expected that in the financial year 2021-22, the market will look upwards. The reason for this is that since October 2020, all the important sectors related to the economy like banks, NBFCs, capital goods, metal & mining and real estate have been consistently doing well. According to Ace Equity, since March 23, 2020, there have been 250 stocks that have proved to be multibaggers. In this, Tanla Platforms has given more than 2000 percent returns. On the other hand, Adani Green Energy, Adani Total Gas, Adani Enterprises, Vaibhav Global, Aarti Drugs, Dixon Technologies (India) and Hindustan Copper have seen a jump of 500 to 800 per cent. The metal, auto and IT sectors have seen the highest growth during this period, while the performance of FMCG, pharma and PSU banks has been weak.
Also read- From April 1, these things including milk, electricity, AC-TV, air travel will be expensive! Know how much will be the burden on the common man’s pocket?Know, how will the market move?
Right now the market is going through a period of correction. Market heavyweights say that we may get to see strong fluctuations in the short term. However, the long-term outlook of the market remains strong. The market is expected to continue to grow further, with the economy indicator picking up, the country starting a vaccination drive and the bank rate remaining below 2021. However, after the recent correction, some positions in the market have become lighter and valuations have also come down. The market can get support around the current level.
Talking with CNBC-TV18, Pramod Gubbi of Marcellus Investment Managers said that any short-term fall in the market would be an opportunity for investors to buy good stocks. There are many investors who feel that they have missed out on taking advantage of the rally of the last 12 months. He is waiting for some good fall in the market so that he can invest in good stocks.