Several stocks turned out to be multibaggers in the past one year alone with at least 24 stocks delivering more than 1000 per cent returns.

Several penny stocks were seen hitting their upper circuit filters on Tuesday with few stocks such as JCT managing to hit the upper circuit after it hit the lower circuit in teh early hours of the trading session on Tuesday. 

Keep these five stocks on your watchlist for Wednesday. 

The broader markets witnessed a big dent since the beginning of August 2021 and are down between 4 and 8 per cent. Read onto find out the funds that outperformed their peers and benchmark in the same duration. 

The broader markets saw a swift rebound on Tuesday after underperforming the frontline indices since the beginning of the previous week. BSE Sensex jumped higher by more than 403 points or 0.73 per cent while BSE SmallCap Index soared by 1.69 per cent.  

The overall market momentum was optimistic today with broader markets participating in the upward trend post days of underperformance. The full approval granted by US Food & Drug Administration to the COVID-19 vaccine developed by Pfizer and BioNTech proved to be one of the significant market drivers today.

What was more outstanding was the fact that this upmove ticked all the boxes of a perfect bullish rally wherein, the market breadth was strongly in favour of advances. Participation was seen from the majority of the sectors while India VIX cooled off.  

Optiemus Electronics Limited (OEL), a leading homegrown company engaged in the manufacturing of next-generation electronic products, recently announced that it has signed a memorandum of understanding (MoU) on a strategic partnership to form an alliance in order to strengthen the ties with Taiwan-headquartered Wistron Corporation’s Indian subsidiary Wistron Infocomm Manufacturing (India).

Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of Tata Power announced that it has successfully commissioned 150 MW solar power project situated in Loharki (Rajasthan). 

On the options’ front, Nifty 16,500 Put option has seen a huge addition of 31 lakh shares in the open interest in today’s session itself while 16,500 Call Option witnessed unwinding of 9 lakh shares.