A nationwide lockdown of 21 days was imposed by the government from March 24, 2020, and that was the day when D-Street made an intermediate bottom.
The S&P BSE Sensex hit an intraday low of 25,638 while the Nifty50 made a swing low of 7511 on March 24, and since then both the benchmark indices have rallied more than 30 percent to climb above crucial resistance levels.
While Sensex and Nifty might have rallied by over 30 percent since March 24, there are 18 stocks in the S&P BSE500 index that have more than doubled investor wealth in the same period.
Stocks that have more than doubled investors’ money include EID Parry, Adani Green Energy, IFCI, KRBL, Aurobindo Pharma, HEG, Reliance Power, and Vodafone Idea.
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.
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