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Even if BJP does win Gujarat election we could see a sigh of relief but if the results disappoint then chances of a big cut could be on cards, suggest experts.The bull’s part fizzled out soon after the benchmark indices hit record highs back in the month of November. The S&P BSE Sensex slipped over 1,000 points from its record high of 33,865 while the Nifty50 dropped 372 points from its record high of 10,490 recorded on November 6.
The index did make a recovery but the trend started drifting lower post November 20. The Nifty50 now trades below key short-term moving averages but there was plenty of stock specific action which kept traders busy throughout the period.
The Nifty50 hit a record high of 10,490 on November 6 but as many as 20 stocks gave returns in the range of 20-40 percent in the same period, according to data collated from Capitaline.
Stocks which outperformed Nifty50 in the last one month includes many small and midcap names such as Jai Corp, Praj Industries, Minda Industries, Vakrangee, McLeod Russel, Sonata Software, Religare Enterprises, L&T Technology, VIP Industries, La Opala, Coffee Day Enterprises etc. among others.
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