Sensex has soared to a new record high topping 54,000 for the first time. The big push on Dalal Street has come as retail investors continue to pour in money really making this rally 'Atmanirbhar'. DIIs have bought stocks worth Rs 40,000 cr in the journey of the benchmark's last 1000 point rally.
But the real stars have been in the mid and smallcap space which have outperformed frontline indices by a mile. Here are a few stocks that remain on the traders' radar -:
- Happiest Minds up 296%: The IT company is focused on the cloud-based computing business, which is seeing high demand with changing working norms after the pandemic, and the management is optimistic about the sales growth.
- JSW Energy up 248%: Demand for power infra to remain on the higher side. Also, the company has managed to curtail its debt and improve margins.
- CDSL 169%: Increased market participation amid eased digital trading infrastructure has led to the growth in business.
- DEEPAK NITRITE 107%: Growth led by strong demand for speciality chemicals. Moreover, the company has setup a phenol plant. Phenol is used as a disinfectant in household cleaners and in mouthwash. Phenol may have been the first surgical antiseptic.