It has been two years since the market hit a 'covid low' on March 23, 2020. Since that day red letter day investment portfolios have grown healthy and how for some investors. As per a research report from Motilal Oswal 29 stocks have more than doubled in Nifty (some cyclicals like Hindalco/Tata Motors up 6-7x from the bottom). Commodities have drawn the top honors (and not just front-ended returns of Mar’20-Mar’21 but even trailing 12 month returns are strong) while HUL has emerged as the worst performing stock in the Nifty with absolute 6% returns since Mar’20 bottom. IT, Oil & Gas, select financials like Bajaj Twins and select discretionary like Titan dominate the Top performers.
Here is a snapshot of how markets have delivered from that fateful day of March 23, 2020
Market Moves
Sensex: 122%
Nifty: 127%
Metals Shining
Hindalco: Up 605%
Tata Steel:Up 400%
JSW Steel: Up 395%
Tech Connect
Infosys: Up 259%
Wipro: Up 250%
Tech Mah: Up 217%
Bajaj Twins
Bajaj Finserv: Up 255%
Bajaj Finance: Up 209%
House of Tata
Tata Motors: Up 555%
Tata Steel: Up 400%
Titan Up 236%
TCS: Up 122%
Adani vs Ambani
Adani Ports: Up 253%
Reliance Ind: Up 190%