The cut in economic growth forecast due to high inflation rate has adversely affected investor sentiment, causing havoc in the global market this year.
The World Bank has lowered the economic growth forecast for 2022 from 3.2 percent to 2.9 percent. It has also warned that above-average inflation and a cut in growth forecast could lead to unsustainable results for low- and middle-income countries.
The World Bank has also reduced India’s growth forecast for the current financial year from eight percent to seven and a half percent. This has happened because of inflation, supply constraints and geopolitical tensions.
The BSE Sensitive Index Sensex has lost 13 per cent since the year 2022. Foreign Institutional Investors (FIIs) have withdrawn $ 42 billion or Rs 3.26 lakh crore from the Indian market in the last eight months. FIIs have been constant sellers for the last eight months.
Foreign portfolio investors are also selling in all the groups. Selling pressure is high on some groups and less on others.
However, despite all these adverse conditions, some companies gave good returns to the investors.
Sunil Damania, CIO, MarketsMojo said that among BSE 500 companies Adani Power, Mangalore Refinery & Petrochemicals, Bharat Dynamics, GMDC, Credit Access Grameen, GHCL, Mahindra Life, Deepak Fertilizers, Hind Aeronautics and JK Paper have proved to be the highest returners for investors. Happened.
These companies have registered a growth of 156 percent, 117 percent, 99 percent, 72 percent, 59 percent, 63 percent, 49 percent, 46 percent and 48 percent respectively.
Among the Recently Listed Companies, Adani Wilmar’s Shares Have Gained 161 Per Cent Over the Issue Price
Shares of automaker Hindustan Motors have also doubled in a month.
Damania says that the stock market will give good returns compared to other investments, but for this, the investor will have to invest at least one year with patience.
Deepak Jasani, Head of Retail Research, HDFC Securities, said that since the onset of Covid, retail investors have kept the market in check.
Despite this, Nifty is in continuous decline. In such a situation, retail investors will shy away from making new big investments in the market. They will mainly increase their stake in their preferred stock.
Hedonova CIO Suman Banerjee said industrial and pharmaceutical companies will also give good returns in this environment.