Multibagger Stocks of Lockdown
4 July 2020, Saturday
Lockdown was imposed by government in March 2020 in approx last week. During initial days of lockdown nifty made a bottom around 7500. Market was highly volatile at that time. Everyone was very affraid about stock market.
That was the pandemic situation. No one is sure about stock market. In general crashed market is best opportunity for investment. Warren Buffet made much wealth in past crashed market. So now Warren Buffet is god of share market.
 |
| Share Market Opinions |
So, there are some stocks which doubled investor wealth. Stocks that have more than doubled investors’ money include EID Parry, Adani Green Energy, IFCI, KRBL, Aurobindo Pharma, HEG, Reliance Power, and Vodafone Idea.
Here list of multibagger stocks
1. Vodafone Idea Ltd. :Return since March 24(%)-213
 |
| Image:vodafoneidea.com |
Vodafone Idea, which is up 200 per cent from its March 24 low. CLSA in March assigned a 12-month target of Rs 12 on the stock, which it breached this week within three months.
2. Jubilant Life Science Ltd. :Return since March 24(%)-134
 |
| Image:jubl.com |
Jubilant Life Sciences, has rallied 127 per cent. The company recently secured rights from Gilead Sciences to produce anti-viral Remdesvir that is being used as a Covid 19 treatment.
3. HEG Ltd. :Return since March 24(%)-128
 |
| Image:hegltd.com |
4. Aurobindo Pharma :Return since March 24(%)-128
 |
| Image:aurobindo.com |
Aurobindo Pharma NSE -0.26 % soared 147 per cent from its March lows against a 33 per cent rise in BSE Sensex. Despite this, Emkay Global has retained 'buy' rating on the stock with significant overweight.
5. GMM Pfaudler Ltd. :Return since March 24(%)-103
 |
| Image:gmmpfaudler.com |
6. Adani Green Energy :Return since March 24(%)-101
 |
| Image:adanigreenenergy.com |
Adani Green Energy has risen 121 per cent since March 24. In April, global energy giant Total invested around Rs 3,707 crore for a 50 per cent partnership with Adani Green Energy for a joint venture for solar power projects across 11 states in India.
7. Glenmark Pharma :Return since March 24(%)-110
 |
| Image:glenmarkpharma.com |
Glenmark Pharma has also climbed 109 per cent, ever since the firm initiated human trials of Favipiravir. Infibeam Avenues doubled investor money and a few brokerages see more upside.
8. Reliance Power Ltd. :Return since March 24(%)-122
 |
| Image:reliancepower.co.in |
In case of Reliance Power, lenders have agreed to work on a debt resolution plan and are in the process of implementing the same. The power company has, meanwhile, won a lawsuit award of $68 million, or Rs 510 crore.
9. IDBI Bank Ltd. :Return since March 24(%)- 108
10. Reliance Infrastructure Ltd. :Return since March 24(%)-121
The next question is – will the winners of the lockdown carry the momentum in the near future as well? Experts feel that much of the rally in the stocks is also on account of speculation; hence, investors could well book profits as uncertainty prevails.
The one rule which every investor should follow while buying the stock is the core fundamentals of the company and the viability of the business because the post-COVID-19 world might be different from the pre-COVID world.
Not all companies are ideal long-term bets, but some of them are just catching up after witnessing massive selloff in the recent past, suggest experts.
Disclaimer: These are my own view. Take your decisions after doing your own analysis.
Comments
Post a Comment