Monday, April 20, 2020
More than a dozen companies in the Indian equity markets have seen their stock price more than double following an over 20 percent recovery in benchmark indices from their March lows.
IndusInd Bank, companies KRBL, Heritage Foods, and Parag Milk Foods and agrochemicals firm Insecticides India are among the 16 stocks that have rallied more than 100 percent from their respective March 2020 lows. The list also includes four pharmaceutical stocks- Morepen Laboratories, Nectar Lifesciences, Marksans Pharma, and Unichem Laboratories.
The S&P BSE Sensex and the S&P BSE Allcap index have gained 23 percent and 24 percent, from their respective March 23, 2020, low levels.
Besides these stocks, a total of 250 stocks from the Allcap index have rallied between 50 percent and 100 percent from their previous month lows. The index accounts for 95 percent of the total market capitalisation of the BSE-listed companies. Earlier, most of these stocks had declined by as much as half.
