Tuesday, September 08
As India celebrates Ganesh Chaturthi today, a look back at the past year shows 33 stocks delivering up to 22,000% returns since the last Ganapati Utsav. Topping the list is midcap Elitecon International with a staggering 22,344% gain, followed by smallcaps Kothari Industrial Corporation and Colab Platforms, which surged 2,557% and 981%, respectively.Other multibaggers with over 200% returns are CIAN Agro Industries & Infrastructure (416%), NACL Industries (368%), Lucent Industries (203%) and Indo Thai Securities (202%).Meanwhile, several mid and smallcap names such as Mangalore Chemicals & Fertilizers, ASM Technologies, Ceinsys Tech, Force Motors, CarTrade Tech, Paradeep Phosphates, AGI Infra, Apollo Micro Systems, JSW Holdings, SML Isuzu, 63 Moons Technologies, Frontier Springs, T
After nearly two weeks of rebound, Tuesday’s session turned out to be a dampener with selling pressure gripping the indices right from the opening bell.“What made it worse was the banking sector,” said Ajit Mishra, SVP – Research at Religare Broking, in a conversation with ET Now. “Private banks have not participated in this recovery at all. Today, with heavyweights dragging, sentiment was further dampened.”The Nifty slipped below the crucial 24,800 mark—its 20-day exponential moving average (EMA)—a breach that traders were hoping to avoid. Mishra warned that the index may slide further towards 24,600–24,630, a zone aligned with the 100-day EMA. “The recovery has derailed. From here, consolidation with a negative bias seems more likely in the days ahead,” he noted.But
