While large-cap private banks, NBFCs, and IT are looking relatively attractive in terms of valuation; industrial, PSUs, consumer, and capital goods are expensive as compared to their medium-term averages, the report further adds.
Dynacons Systems and Solutions, an IT infrastructure company, has emerged as one of the biggest wealth creators in India s stock market. Its stock price has risen by nearly 4300% since April 2020, delivering significant returns for investors.
Olectra Greentech, part of the MEIL Group and India s largest pure electric bus manufacturer, saw its shares jump 9% to hit a new all-time high of ₹2,048 apiece. The stock has gained 70% in the last three months and 327% in a year, delivering a return of 1019% in just three years.
Over the past decade, Websol Energy Systems consistently delivered positive annual performances, achieving multibagger returns in six out of the last ten years, with CY21 leading at a remarkable gain of 242%.