Prime Minister Narendra Modi 100 days of the third term of Modi government have been completed. During this time, Sensex and Nifty have registered a tremendous rise. In 100 days of Modi 3.0, Sensex has risen by 6,300 points. That too when capital gains tax was increased in the budget and BJP did not get absolute majority in the Lok Sabha elections. Let us tell you that in the first 100 days of the third term of Modi government, Sensex has risen by about 6,300 points or 8.2%. During this time many stocks have become multibaggers.
These stocks became multibaggers
Market data shows that at least 18 stocks of the BSE Smallcap Index have given multibagger returns in the first 100 days of the Modi government. Refex Industries has been the biggest gainer during this period. This stock has given a bumper return of 221% in just 100 days. Apart from this, PC Jeweller (175%), Balu Forge Industries (167%), Gravita India (131%), PG Electroplast (118%), Godfrey Phillips India (114%) and Newland Laboratories (103%) have given bumper returns.
What to do if you are an investor
There is no doubt that the valuation of the Indian market is quite expensive. Due to this, volatility may continue in the market. But if you are a long-term investor, then stick to good stocks. You are sure to get great returns in the long term. If you invest in mutual funds through SIP, then Apna Courage expects that given the good valuations in some growth sectors, the growth in defensive sectors like consumer, durables, building materials, IT services, pharma and telecom will continue.
