Stocks surge up to 1,625%: Broader indices outshine Sensex, Nifty in last 1 year, experts advise to stick to quality names

Stocks surge up to 1,625%: Broader indices outshine Sensex, Nifty in last 1 year, experts advise to stick to quality names

Market analysts are of the view that the broader outlook should continue to remain positive as far as domestic factors are concerned and quality names in the midcap and smallcap space are likely to do well next year as well.





November 03, 2021 / 11:36 AM IST





The Indian equity market has given some stellar returns since Diwali 2020 as Nifty50 surged over 40 percent. Despite the hammering of the economy amid the devastating coronavirus, the market managed to reward its investors with some handsome gains.

The benchmark index Sensex has gained about 50 percent while midcap and smallcap indices have gained 85 percent and 87 percent, respectively.

The midcap index has surged over 85 percent in the same period with almost 100 top companies giving returns of up to 432 percent. The top names included JSW Steel, Tata Power Company Mindtree and Steel Authority of India which surged between 200-400 percent.

On the other hand, close to 350 stocks from the smallcap index surged over 100 percent in the last 1 year including names like Brightcom Group which surged 1625 percent followed by Nahar Spinning Mills, JTL Infra, Olectra Greentech, GRM Overseas, Tata Teleservices, Ganesh Housing Corporation,