Budget 2021: Stocks that rose 845% since the last budget
Jan 26, 2021,
Updated Jan 26, 2021, 5:55 PM IST
The Union Budget 2021 is expected to uplift the market to new highs and take the economy out of recession. All eyes will be on the Finance Minister Nirmala Sitharaman's speech, who is expected to revive the economy amid volatile markets that are keeping traders and investors nervous. However, there are stocks which have rallied up to 845% since the last Budget and contributed to gains on broader indices. Here's a look at the top five mid cap shares.
Tanla Solutions offers software products, including application-to-person service (A2P) messaging platform globally. Its share has risen 845% or Rs 626 since last Budget. On April 7, 2020, the stock fell to its 52-week low of Rs 38 and has gained 1,742% till date, since then.
Alok Industries is a textile manufacturing company based in Mumbai. Its main business involves weaving, knitting, processing, home textiles, ready made garments and polyester yarns. It exports 26% of its products to over 90 countries in the US, Europe, South America, Asia and Africa. The company's share rose 538% or Rs 17.67 in the last one year, which stood at Rs 3.28%, an year ago.
Laurus Labs is an India-based manufacturer of active pharmaceutical ingredients (APIs) for anti-retrovirals (ARVs), oncology, cardiovascular, anti-diabetics, anti-asthma and gastroenterology. The firm's share clocked 359% or a gain of Rs 296 in the last one year. The share growth has shown a rise of 7.31% since the beginning of this year.
Aarti Drugs offers active pharmaceutical ingredients (APIs) in a range of therapeutic categories, such as anti-inflammatory, cardioprotectant, antifungals, antibiotic, antidiabetic, sedative and vitamins. Its products under APIs include Aceclofenac, Diclofenac Potassium, Diclofenac Diethylamine, Clopidogrel Bisulphate and Telmisartan. The stock rose 360% during the last one year and climbed Rs 561 against the close of Rs 155.71. Its share trades higher than 5 day, 20 day and 200 day moving averages, but lower than 50 day and 100 day moving averages. The market cap of the firm stood at Rs 6,628 crore.
The firm engages in design, manufacturing, and marketing of products, related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group. Its stock gained 331% or Rs 30.53 to Rs 39.75 in one year, which stands higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages. The market cap of the firm rose to Rs 3,158 crore.