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13 BSE 500 stocks surged up to 200% in just 3 months; 3 turned multibaggers – Midcap Momentum

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13 BSE 500 stocks surged up to 200% in just 3 months; 3 turned multibaggers - Midcap Momentum

Over the past three months, Indian equities have been highly volatile, but the turbulence has been accompanied by a strong upward drift. The benchmark BSE Sensex gained about 4%, while the broader market quietly outperformed by a much wider margin.

The real action unfolded across the wider universe, where the BSE 500 surged nearly 10%, driven by persistent buying interest across large and midcap stocks. Momentum steadily built beneath the surface, even as the headline indices posted more modest gains.

In this rally, market breadth told the real story: around 32 stocks gained more than 50% in just three months. Among them, 13 standout performers delivered returns ranging from 70% to 200%, including three multibaggers that more than doubled investor wealth in a remarkably short span. What appeared to be a routine market phase on the surface turned into a significant wealth-creation opportunity for investors positioned in the right segments of the market.

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Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme

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The Economic Times
NEW DELHI: The government may keep an outlay of Rs 7,500 crore under the production linked incentive scheme for IT hardware products like personal computers, laptops, tablets and servers, according to a source aware of the development.

Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.

“Meity (Ministry of Electronics and Information Technology) will take the Cabinet approval of the detailed guidelines soon and is hopeful of rolling out the scheme from next financial year. The incentive outlay is likely to be around Rs 7,500 crore,” the source said.

The government has announced a cumulative production linked incentive of Rs 2 lakh crore for 10 sectors to encourage domestic manufacturing after seeing traction of global giants like Apple’s contract manufacturers, Samsung etc for the scheme in the mobile devices segment.

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According to mobile devices industry body ICEA, India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to over Rs 7 lakh crore by 2025 through policy interventions.

Scaling up laptop and tablet PC manufacturing can take the share of India in the global market to 26 per cent from 1 per cent at present.