Due to the corona virus covid-19 all world markets crashed during March 2020 and our markets recorded a recent low on 23rd March 2020. Here is the summary of large, mid and small cap top gainers from that date till 17th April 2020. Still we cannot say markets again moving up because nobody knows what is going to happen in the coming weeks and months as corona virus outbreak still not in control in many parts of the world. In India also many cases are getting reported in from many states and some states like Kerala reported a flattening the coronavirus curve but it is premature to say it is fully under control.
In large caps stocks like MOTHERSUMI, CIPLA, ICICIPRULI, AXISBANK, GICRE, IGL, ADANIGREEN, NAUKRI, ICICIGI, HDFCLIFE, UPL, DRREDDY, INDUSINDBK, BIOCON and PEL reported good performance during this period with some of them gained more than 50% and rest gained almost 40% or more.
AUROPHARMA, ITI, SRTRANSFIN, GLENMARK, TATACOMM, AVANTIFEED, NIACL, ISEC, LICHSGFIN, AARTIIND, CESC, MFSL, AMARAJABAT, APLLTD and JUBILANT are the mid cap stocks gained most during the above mentioned period with gains ranging from 37% to 83%.
In small cap stocks (Top 250 only) VENKEYS, INTELLECT, RCF, GUJALKALI, GRAPHITE, FACT, HEG, WOCKPHARMA, CAPLIPOINT, TAKE, ADVENZYMES, KRBL, BEML, NBCC and ITDC gained more than 60% during the period.
If corona virus issue goes like this and become under control in the coming weeks due the recent Govt of India measures like lock down, social distancing etc then we can see more consolidation at these levels in Nifty and Sensex. Some experts are predicting indices are going to test the recent lows again in the coming weeks or months because still no clarity about how this covid-19 issue is going to end and also most companies are going to report bad results sin 1-2 quarters as most businesses stalled for past few weeks. Anyway is better to be careful if you are planning to invest at this point.