Sensex back to 30K: more than 600 stocks doubled investors wealth

The S&P BSE Sensex finally reclaimed the 30000 mark from the same level where it was in March 2015.  More than 600 stocks have doubled in last one year period.

The S&P BSE Sensex, which hit a fresh record high of 30007.48 on Wednesday, increased 18 per cent in the last financial year.

List of stocks from S&P BSE 500 index which rose since then, include names like Escorts, which rose 277 per cent, followed by Gujarat Narmada Valley Fertilisers & Chemicals, which gained 269 per cent, and SpiceJet which zoomed 370 per cent in the same period.

From March 2015, Fiberweb (India) rose 2870 per cent, Dwarikesh Sugar Industries also increased 1576 per cent and Cosyn also rose 1084 per cent.

In the S&P BSE 200 index, 11 stocks have more than doubled investors wealth since March 2015, which include names like Jubilant Life (up 101.84 per cent), Rajesh Exports (264 per cent), Natco Pharma (189 per cent), Bajaj Finserv (180 per cent), Bajaj Finance (174 per cent) and Biocon (163 per cent).

Fiscal year 2017 has witnessed FII investment of Rs 50206 crore into Indian equity market compared to a net outflow of Rs 17579 crore in FY16. The domestic mutual funds thrust Rs 54735 crore in the equity market.