The festival of Diwali is special for the stock market and market investors. This festival marks the beginning of the new year for the market, because every time Diwali marks the beginning of a new Vikram Samvat. This Diwali, Samvat 2080 is beginning and with it, Samvat 2079 has ended.
Samvat 2079 proved to be auspicious
If we talk according to Samvat, today’s stock market is The old year has ended and the new year is about to begin, to commemorate which there will be one hour special Muhurta trading in the evening. If we talk about the last one year i.e. Samvat 2079, it has proved auspicious for the stock market. During this period, Nifty50 has increased by about 10 percent. During Samvat 2079, both Sensex and Nifty have also made a record of new historical high level.
The biggest shift in the stock market
If we look at the data from last Diwali to this Diwali. During this period, market investors have also made huge profits. Overcoming challenges like the controversial Hindenburg report, geopolitical tensions, rise in crude oil and dollar, record breaking inflation and intermittent selling by foreign investors, the market has witnessed many changes in the last year. The biggest change has been DII i.e. domestic institutional investors overpowering FPIs.
221 shares became multibaggers
Data shows that between the last Samvat and this Samvat, stock market investors There has been a huge increase in the assets of Rs 64 lakh crore. The biggest contribution to this period of earnings for investors has been from those shares which have become multibaggers since last Diwali. According to market data, according to Vikram Samvat, 221 shares have become multibagger in the market in the last one year.
Such shares are called multibagger
Those shares are called multibagger. , which at least double the investment of its investors during a fixed period. In other words, the shares whose prices rise by at least 100 percent during the stipulated period are called multibagger shares of that period. According to this, it can be said that from last Diwali to this Diwali, 221 stocks in the market have at least doubled the money of their investors.
Small stocks are ahead in giving multibagger returns
Samvat 2079 has proven to be especially good for small and medium stocks. During this period, mid cap and small cap indices have outperformed blue chip companies i.e. large cap stocks by a huge margin. While the index of blue chip shares has increased by about 10 percent, the index of mid and small caps has increased by more than 30 percent. This is the reason that the largest share in the stocks becoming multibagger is of small stocks. Statistics show that since last Diwali till now, shares of 172 such companies have given multibagger returns, which are counted in small cap category according to market cap.
Also read: < a title="Be cautious of these 2 things during the festival of Diwali, otherwise Goddess Lakshmi will go away instead of coming." href="https://www.abplive.com/business/cyber-fraud-alert-scammers-exploiting-diwali-and-pooja-domains-to-scam-people-amid-festivities-2535160" target="_blank" rel="noopener">Be careful of these 2 things during the festival of Diwali, otherwise Goddess Lakshmi will go away instead of coming.
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