Do you own these low-priced multibagger stocks that have returned 10x returns on YTD basis?
Investors regularly should keep an eye on these kind of top stocks within the barometer.
The two most important domestic indices, the Sensex and Nifty50, have returned negative values of 1.68 percent or 911 points and 1.76 percent or 311 points, respectively on a (YTD) year to date basis.
The global markets continue to be impacted by rising crude. Following OPEC+'s agreement to reduce output objectives by 2 million barrels per day (bpd), the greatest drop since 2020, the price of oil increased by around 1 per cent on Thursday and held near three-week highs.
Global macros continue to disappoint. The final week of the second quarter capped off a miserable period for equity markets but rising interest rate, oil price and dollar index have raised concern amongst investors again.
Investors are frequently recommended to adopt the "buy and hold" strategy in order to profit from long-term wealth accumulation and not be alarmed by levels of short-term volatility. But also, the investors should watch out for the wealth creating stocks. In this downwards market, some of the low-priced stocks have been highly outperforming the market. Investors regularly should keep an eye on these kind of top stocks within the barometer.
Below are the stocks that have provided stellar returns on YTD basis: