Ahmedabad: Stock market investors are very pleased with many registered companies that respect them with handsome returns.
A total of 17 companies from Gujarat have resulted in a return above 100% since the last diwali, which fell on November 14, 2020.
Driving on the stock market rally, the stock price of 10 Gujarat-based companies has passed more than 200% of their price level in Diwali last year.
From this star player, seven companies wore their investor wealth.
What stands out among them is Ganesh Housing Corporation Ltd, R & B Denims, Monarch Networth Capital Ltd., Adani Total Gas Ltd (ATGL), Adani Transmission Ltd (ATL), Nandan Denim and PG Foils Ltd.
Apart from this, the share price of seven companies has soared in the range of 100% to 183%.
These companies include Gujarat Narmada Valley Fertilizers Ltd (GNFC), Gujarat Alkali and Chemicals Ltd (Gacl), Gujarat Gas Ltd and Deepak Nitrite Ltd.
according to stock analyst, Realty, Chemicals, Denim (CGD) and Denim companies from Gujarat Install a very good show on the market since Diving last year.
“Some companies have seen their judgment rising mostly because of the overall rally in the stock market.
Both Bourses India or Global, the stock market moves upwards because more and more liquidity flows in the stock market throughout the world,” said Nilesh Box, a shares analyst based City.
The Sensex benchmark equity index has offered 38% returns to the investor because the index rose from 43,637.98 points on November 14 last year to 60,138.46 points on November 1 this year.
According to stock analyst, large liquidity flows into the market, the entry of new investors with more money in the hands and investor sentiment has triggered the stock market rally.
Lower interest rates and unavailability of other appropriate asset classes have made investors more dependent on equity for investment.