In March 2020, the BSE SENSEX, a stock market index of 30 well-known corporations listed on the Bombay Stock Exchange, plummeted by 13% to 14% in a single day. Due to the introduction of vaccines, the pandemic’s impacts began to fade, and the Indian stock market regained its power. The NIFTY 50, an Indian stock market benchmark index that reflects the country’s major companies, has risen 35.03 percent in the last year. In the next five years, India’s portion of global stock market value is predicted to rise from 2.8 percent to 3.7 percent.
Insider Monkey analyzes the list of the best Indian stocks to buy right now. Yatra Online, Inc. is a travel search engine and online travel agency based in India. As travel demand tends to surge after a pandemic, HC Wainwright reiterated a Buy rating on the stock with a $4 price target in September. Sify Technologies Limited, an Indian information, and communications technology business, released its fiscal year Q2 results on October 29. The company recorded INR 6.99 billion in revenue, up 18% from the previous quarter. Azure Power Global Limited is a solar energy company that also manages and builds rooftop solar projects. In conjunction with the Solar Energy Corporation of India, the company announced power purchase agreements for 600 MW of solar power plants. Renaissance Technologies and Millennium Management were two of Azure Power Global Ltd’s most well-known stockholders. Insider Monkey’s data for the third quarter shows that 10 hedge funds tracked by Insider Monkey owned MakeMyTrip Limited, up from 9 the previous quarter. These interests are worth a total of $44.5 million. For more details, click 9 Best Indian Stocks To Buy Right Now.
Unsplash
