PNN New Delhi [India] May 28 The Primex 40 an index tracking the performance of the top 40 Indian private companies in unlisted and delisted markets recently achieved an all-time high of 276389 growing over 236 basis points since the last record-high achieved on November 1 2021 The Primex 40 index growth was driven by key performers like Waaree Energies Limited Tata Capital Limited National Stock Exchange Hero Fincorp etc among others Launched by Wealth Wisdom India Private Limited WWIPL the Primex 40 index observed a 49 surge in the last 6 months against a 20 growth of the Nifty 500 Multicap 502525 The Primex 40 index has reportedly posted a 22 annualised return significantly outpacing its benchmark Several stocks have been instrumental in driving the Primex 40 index to record heights Waaree Energies Limited for example saw its stock price soar from 725 to 2200 a 20345 surge in just 3 quarters The company leadership position in the solar energy industry coupled with strategic investments and favourable government policies have been a key driver Tata Capital Limited stock price surged from 425 to 975 observing a 12941 uptick in the last year This surge is attributed to high investor demand and expectations of substantial listing gains Nayara Energy Limited further contributed to the index bullish trend observing a strong boost from 180 to 560 a 211 gain in a year The National Stock Exchange of India NSE also saw its stock price grow by 82 from 3300 to 6000 YOY further accelerating Primex 40 performance The financial services and energy sectors have been key contributors for growth in the unlisted markets In the energy sector Waaree Energies Limited Nayara Energy Sterlite Power and Transmission Ltd have shown notable growth while in the financial services sector companies like Utkarsh Coreinvest SBI Funds Management Hero Fincorp One Mobikwik HDB Financial Services and Orbis Financial Services observed significant gains Additionally Hexaware Technologies from the IT sector performed well after confirming its IPO plans Krishna Patwari MD and Founder of Wealth Wisdom India Private Limited commented The unlisted markets have often outperformed listed markets and are expected to maintain this trend Following a period of 25 years of consolidation unlisted markets are positioned for continued growth The positive sentiment in Indian stock markets is likely to support further growth presenting investment opportunities in high-performing shares such as Waaree Energies Limited Tata Capital Limited National Stock Exchange of India Limited and Hexaware Technologies CA Niresh Maheshwari Director of Wealth Wisdom India Private Limited says 12 out of the 40 stocks in the Primex 40 index have recently reached all-time highs These include Waaree Energy NSE Nayara Energy SBI Funds Management Tata Capital Hexaware Technologies Mohan Meakin Indian Potash Hero Fincorp Orbis Financial BOAT and Carrier This surge is driven by strong corporate performance and demand from retail investors However some companies have underperformed including LAVA Oravel Stays OYO MSEI Finopaytech and API Holding Pharmeasy The record high of the Primex 40 index reflects the high growth potential of India unlisted markets With strong performance in the unlisted markets sector the index is set to observe an influx of investors planning to expand their portfolio beyond equities and funds For more information please visit httpswwiplcomprimex Wealth Wisdom India Pvt Ltd Wealth Wisdom wwiplcom is a leading platform that specialises in unlisted shares delisted shares pre-IPO shares and other exclusive investment opportunities WWIPL flagship the PRIMEX 40 Index is equipped with features such as Real-time Calculation enabling instant market insights and Diverse Representation offering a comprehensive view across multiple sectors of India thriving private arena The index follows a Weighted Market cap calculation approach ensuring that each company market presence is proportionally represented These features empower investors and analysts with real-time and in-depth market insights enabling them to make informed decisions ADVERTORIAL DISCLAIMER The above press release has been provided by PNN ANI will not be responsible in any way for the content of the same
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