Budget 2020 to 2021: List of bumper stocks delivering multifold returns

As we know, investors witnessed a roller-coaster ride in the year 2020. The stock markets registered their fastest declines in the history in the months of February & March as the global economy came to a standstill in order to combat the pandemic.   

Nevertheless, the mammoth liquidity pumped by global central banks helped the indices to witness a historic recovery as Nifty surged nearly 96 per cent from March lows to January highs.   

Now, let us look at the performance of Nifty as well as the broader indices from Budget 2020 to 2021. Nifty has delivered nearly 18 per cent since the Union Budget 2020 while Nifty Mid-cap and Small-cap have gained nearly 20.5 per cent and 19 per cent, respectively. However, the real action has been witnessed in the sector-specific story.   

The three sectors which have given a maximum number of multibagger stocks since the Union Budget 2020 are as follows: Pharmaceuticals & Drugs, IT (Software) and Chemicals.   

Talking about the pharmaceuticals & drugs, there are 68 active stocks in this sector, and out of these, around 90 per cent of the stocks have managed to deliver positive returns since the Union Budget 2020. At least 14 stocks from this sector have more-than-doubled investor’s money since the Union Budget 2020. Biofil Chemicals & Pharmaceuticals, being the top performer, delivered a hefty gain of 765 per cent, followed by Venus Remedies, which soared nearly 579 per cent since the Union Budget 2020.   

Data shows that there are 60 active stocks traded in IT-Software sector and out of 60 actively traded stocks, 52 stocks have delivered positive returns, while 13 stocks from this sector have more-than-doubled investors’ money since the Union Budget 2020.  Tanla Platforms emerged as the chart-topper after jumping nearly 817 per cent since the Union Budget 2020.  

In the Chemicals sector, there are 47 active stocks and out of those, 74 per cent of the stocks have delivered positive returns since last year’s Union Budget, while 9 stocks from this sector have more-than-doubled investors’ money since the Union Budget 2020. The best gainer has been Alkyl Amines Chemicals as it has risen nearly 275 per cent, followed by Bhansali Engineering Polymers, delivering double century gains.