As Sensex rallied from 30k to 40k, these 23 stocks more than doubled investors’ wealth
Sensex closed above 30,000 for the first time on April 26, 2017, and it ended above 40,000 for the first time on June 3, 2019—taking barely 25 months for achieving the milestone.
In the period, 23 stocks among BSE500 companies more than doubled their investors’ wealth.
They include Adani Transmission, Info Edge, Jubilant Foodworks, Divi’s Labs, Bata India, L&T Technology, Mindtree, Varun Beverages, Bajaj Finance and Titan Company.
Most experts see the rally to continue in coming years as they expect NDA government to carry on implementing reforms announced in its first term at the centre
“We believe a broad-based rally in the stock market is likely for the next 2-3 years.
Last month, Morgan Stanley had said it has set June 2020 target for Sensex at 45,000, which assumes resolution to the ongoing strain in the financial sector via liquidity infusion and continuing fiscal discipline.
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