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Nifty Midcap and Smallcap indices hit fresh record highs, up over 7% in CY24

Mid-and small-cap stocks continue to reach unprecedented levels, with the Nifty Midcap 100 index and Nifty Small Cap 100 both hitting all-time highs. The strength in mid- and small-cap stocks is attributed to increased potential benefits from India s rising capital expenditure.

Multibagger stock: Websol Energy Systems shares zoomed over 1700% in 5 years

Looking at its calendar-year performances, the stock finished positively in 6 out of last 10 years. Notably, it generated multibagger returns in all these six years, with CY21 leading at a gain of 242%, followed by CY17, CY15, and CY23 with gains of over 166%, 158%, and 157%, respectively.

The game-changing ambition of Pradhanmantri Suryodaya Yojana

India s residential sector, which has a potential of at least 637 GW for rooftop solar energy, has installed only a fraction of this capacity, indicating a significant opportunity for growth. Large-scale implementation of rooftop solar systems can create jobs in installation and maintenance of these systems, necessitating skilled labour such as technicians and engineers, and also jobs in domestic solar manufacturing industry, which will create jobs in production, supply chain, and logistics

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