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Stocks That Rebuffed Demonetisation Drive And Fed Rate Hike

[Image: Philippine-stock-market-board.jpg]

The demonetisation drive along with Republican Donald Trump's surprise victory in the US presidential election somewhat broke the back of the domestic equity market over the past one month.
But amid all the global as well as domestic headwinds, around 15 stocks on the BSE have turned combative and surged up to 150 per cent since these Black Swan events of November 8.
The list included a mix of smallcap and microcap stocks.
Since the demonetisation of Rs 500 and Rs 1,000 currency notes, benchmark equity indices Sensex and Nifty tumbled nearly 4 per cent till December 14, the day when US Fed hiked interest rates by 25 basis points for a second time in a decade.
Among the top gainers on BSE, MPS Infotecnics BSE 3.23 % soared 150 per cent between November 8 and December 14. It was followed by DCM FinancialBSE -4.88 % and Phyto Chem (India), which gained 146 per cent and 94 per cent, respectively.
Other major gainers in the list included TVS Electronics (up 91 per cent), Astro Bio Systems (up 66 per cent), Karma Energy (up 65 per cent) and RS Software BSE -0.47 % (up 63.86 per cent).
Shares of Bartronics India BSE -0.63 %, Dolphin Medical, Sun Source, Vedavaag Systems BSE -1.17 %, Pix TransmissionBSE 0.18 %, Pondy Oxides, Swan EnergyBSE 5.11 % and Intense Tech have soared between 50 per cent and 58 per cent during this period.
Some of the stocks on the list include microcaps with market capitalisation of less than Rs 100 crore and they can be driven by brokerages.
Investors should be very careful while putting money in such stocks. However, retail investors who bought some of these shares in November and perceived these stocks to be good prospects to deliver good returns in the coming months must be sitting on healthy profits.
However, year-to-date figures indicate that gains registered by these stocks are not a fluke.

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