In the year following the last Independence Day, the market hit a record high in October 2021, where the BSE Sensex hit 61,305.95, which is now at 59,462.78 with a YTD rise of 0.47%. While Nifty 50 touched a record high of 18,338.55 in October 2021 after last Independence Day and after 76th Independence Day Nifty is at around 17,698.15 level with YTD upside of 0.41%. In the last 1 year, both BSE Sensex and Nifty 50 have gained over 6% despite significant volatility and global unrest. Third Covid wave, Ukraine-Russian war, rising inflation, high crude oil prices and persistent FII selling of domestic equities impacted the market sentiment throughout the year, but despite all these tensions globally, the market is still above 100%. Managed to perform top 5 quality stocks with multibagger returns of higher.
Adani Power
Adani Power shares closed on Friday 344.95 each, up 0.74% from the previous close of 342.40. Since the last Independence Day, the share price has gone up 83.05 to the current price level as of 16 Aug 2021, which entails a multibagger return of 315.35%. On a YTD basis, the share price has increased by 101.30 to the current price level on January 3, 2012, which enters a multibagger gain of 240.52% so far at 240.52. In the last 6 months, the stock has managed to deliver a multibagger return of 172.15%. On NSE, the stock had touched a 52-week high 354.00 on 04-August-2022 and 52-week low of 70.35 on 24-August-2021 which indicates that at the current price level 344.95 stock is trading 2.55% down from 52-week high and 390% up from 52-week low. Total trading volume for the stock on Friday was 6,973,783 shares, compared to a 20-day average volume of 10,384,319 shares.
Adani Total Gas
Closed on Friday on the stock of Adani Total Gas Ltd. 3,428.00 each, up 2.26% from the previous close 3352.30. Since the last Independence Day, the share price has gone up 928.05 to the current price level which enters into a multibagger return of 269.38%. On a YTD basis, the stock has gained 96.58% so far in 2022. In the last 6 months, the stock has given a multibagger return of 103.28% and has increased by 21.01% in the last 1 month. The stock touched a 52-week high on the NSE 52-week low of 3,474.00 on 08-August-2022 843.00 on 11-August-2021 which indicates that at current price level the stock is trading 1.32% down from 52-week high and 306% above 52-week low. On Friday, 453,978 shares were traded compared to the 20-day average volume of 458,480 shares.
Adani Transmission Limited
Shares of Adani Transmission Limited closed today on Friday 3,538.45 each, up 1.27% from the previous close 3493.95. Since the last Independence Day, the share price has gone up 977.75 to the current price level 3,538.45 which logs a multibagger return of 261.90%. On YTD basis, the stock has given a multibagger return of 104.40%. The stock has gained 83.10% in the last 6 months and has gained 18.72% in the last 1 month. On Friday, the total trading volume stood at 279,712 shares, as against the 20-day average volume of 504,260 shares. The stock touched a 52-week high on the NSE 52-week low of 3,553.00 and 12-August-2022 901.00 on 11-August-2021 which means that at current price level the stock is trading up 292% from its 52-week low.
Tata Teleservices (Maharashtra) Limited
Shares of Tata Teleservices (Maharashtra) Limited closed on Friday 106.20 each, up 0.66% from previous close 105.50. from last independence day 38 to the current price level, which enters into a multibagger return of 179.47%. On a YTD basis, the stock is down 50.98% over the past 6 months and is down 27.76%. The stock has fallen 10.19% in the last 1 month and 4.15% in the last 5 trading sessions. A total of 2,992,097 shares were traded on Friday, as against the 20-day average volume of 3,741,385 shares. The stock touched a 52-week high on the NSE 290.15 and 52-week low of 11-Jan-2022 33.05 on 24-August-2021 which means at current market price the stock is trading 63.39% down from 52-week high and 221% above 52-week low.
Adani Green Energy Limited
Shares of Adani Green Energy Ltd closed on Friday up 0.40% from previous close of 2,173.65 2164.90. from last independence day Up to the current price level of 925.25 2,173.65 which entails a multibagger return of 134.93%. On a YTD basis, the stock is up 61.38% so far in 2022. In the last 6 months, the stock is up 12.52% and 3.84% in the last 1 month. The total trading volume on Friday stood at 519,745 shares, while the 20-day trading volume stood at 2,723,291 shares. On NSE, the stock had touched a 52-week high 3,050.00 and 52-week low of 19-Apr-2022 875.00 on 11-August-2021, which means that the stock is trading 28.73% below the 52-week high and 148% above the 52-week low.
Commenting on the last week’s performance of the market, Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities said, “Equity markets continued to perform resiliently during the week. Major benchmark indices like BSE-30 and Nifty-50 have given positive returns this week. The market rally has been broad based on the gains seen in BSE Midcap, BSE Smallcap and most of the sectoral indices. The sectoral index’s performance was led by BSE Metals and BSE Capital Goods indices, while some defensive sectors underperformed the broader market. Global equity markets continued their strong rally in July as US CPI softened. FPI inflows in India were positive this week. With the Q1FY23 results season coming to a close, the market’s focus will shift to macro factors, including inflation, central bank rate action, oil prices and concerns about a slowdown in major economies globally.
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