While retaining its bullish view on Indian equity markets, Axis Securities believes that select themes may deliver a solid return to investors after a 9 per cent fall registered by benchmark equity indices in 2022 so far.
Just 10 per cent of stocks in the BSE Midcap and Smallcap managed to deliver a double-digit return to investors in May so far. This shows the kind of weakness in the broader markets that have underperformed the benchmark equity indices during the month.
The Gujarat based electric power Transmission Company Adani Transmission has emerged as the fastest wealth creators in 2016-21 at a humongous CAGR of 93 per cent.
The worst performer among the 10 stocks has delivered 26 per cent return year to date, which is more than double of Sensexs 9.47 per cent gain during this period.